JSC "Bank of Azerbaycan" revised the interest rates on the term deposit "Progressive" in the direction of raising them.
The interest rates on six-month deposits rose by 2 percentage points to 5% and for 12-month deposits by 5 percentage points up to 12 percent per annum.
Funds for this contribution are made in manat, U.S. dollars and euros, for a period of 6, 12, 24 and 36 months. Issuance of interest income is arranged on a monthly basis or at the end of the deposit agreement.
As an option the investor is given a credit of 80% of the deposit, and a free card Visa Electron.
Deposit portfolio in the first half of this year increased by 16.7% to over 120.1 million manat, including term client investments that increased by 22.9 percent to 68.23 million manat.
The bank since 30 July 2007 has been a member of Azerbaijan Deposit Insurance Fund and all investments with interests not higher than 12% are insured. - 15B -
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