glossario

AOER AVERAGE OVERALL EFFECTIVE RATE

The AOER (Tasso Effettivo Globale Medio or TEGM in Italian) is the rate used for calculating the usury ceiling rate, usury being prohibited by law. It is published on a quarterly basis and indicates the average figure of the rate actually applied by the financial and banking system to similar categories of lending transactions (for example: opening a current account credit facility, personal loans, leasing, factoring and mortgages).