Postbank

• What will happen to the mutual funds in BGN after the adoption of the euro currency?

The mutual funds in BGN will no longer exist. Before the end of 2025, BGN share classes will be converted in the respective EUR share classes

• How will my mutual fund investments be converted from BGN to euro currency?

A free of charge period (30 working days) will be provided, in which you will be able to redeem your investment in BGN, if you want to. The free of charge period will be placed in September or October 2025. No redemption fee will be applied regardless of the holding period (whether it is less or more than 2 years).

• Will the mutual fund in euro be selected by me?

No, there are open for distribution in Bulgaria EUR share classes of the respective mutual funds in BGN.  If you decide not to redeem your units after the end of the free of charge period (September or October 2025), your investment is going to be automatically converted to the respective euro classes of the respective funds. To wit: 

• Postbank (BGN) (LF) EQUITY - GLOBAL EQUITIES FUND/ISIN LU0391044582 corresponds to Postbank (LF) EQUITY - GLOBAL EQUITIES FUND/ISIN LU0273960384;
• Postbank (BGN) (LF) FUND OF FUNDS - GLOBAL LOW/ISIN LU1199652337 corresponds to Postbank (LF) FUND OF FUNDS - GLOBAL LOW EUR/ISIN LU3108403356;
• Postbank (BGN) (LF) FUND OF FUNDS - GLOBAL MEDIUM/ISIN LU1334637631 corresponds to Postbank (LF) FUND OF FUNDS - GLOBAL MEDIUM EUR/ISIN LU3109045628.

• What exchange rate will be applied?

According to the low  the approved exchange rate will be 1 EUR = 1.95583 BGN.

• Will I be required to sign any documents?

In cases you redeem  your BGN investment during the free of charge period (September or October 2025), the documentation is standard

The only difference is that all Redemption tickets in BGN will be FREE of charge for the above mentioned period.

If you decide not to redeem your units after the end of the free of charge period (September or October 2025), your investment is going to be automatically converted to the respective euro classes of the respective funds. If you have a Regular Instalment in BGN, the very same approach will be applied – you could redeem free of charge and terminate it. Standard documentation needed. Or you can wait and the bank  automatically will replace BGN share class with the respective EUR share class of the same fund. No documents need to be signed.

The same applies to a Combined product SpestInvest.