Azerbaijan, Baku, July 26 / Trend /
"Amrahbank", which celebrates its 20th anniversary, informs its clients that by the decision of the Azerbaijan Deposit Insurance Fund, the interest rate of insured deposits will be reduced from 12% to 10% starting from the 1st of August, 2013, the bank said today.
However, the deposits which were and will be opened until 1st of August, 2013 at an interest rate of 12% or less, will be insured up to the expiration of the deposit agreement. Considering this, "Amrahbank" is starting "Deposit Week" campaign from today until the 1st of August, 2013.
In the frame of this campaign, customers are given the opportunity to place their funds in one of the three deposit accounts of "Amrahbank" at the maximum insurable interest rate - 12% per annum:
1. Deposit "DAKHIL" - by placing the funds for a period of 2 years, the customer will be able to recharge his/her account during the first half of the deposit term; whole deposit amount together with completions will be insured.
2. Deposit "LİDER" - by placing the funds for a period of one year, customer will be able to receive interest on a monthly basis.
3. Deposit "Tamal" - by placing the funds for a period of 2 years, the customer will be able to receive interest at the end of the deposit term.
All deposits placed in the frame of the campaign at 12% per annum will be insured by Azerbaijan Deposit Insurance Fund until the expiry of the deposit agreement. The maximum insured amount in one contribution - 30,000 manat.
All customers, regardless of the deposit amount, will receive free plastic card and the opportunity to open a credit line of up to 80% of the deposit, as a gift from "Amrahbank".
Established in 1993 Amrahbank is one of the oldest and leading commercial banks of Azerbaijan. It offers wide range of retail and corporate banking products and services such as opening of current and deposit accounts, plastic cards, clearing operations, consumer and business loans, local and international money transfers, documentary operations, trade finance, etc.
International Investment Bank based in Bahrain , is the strategic shareholder Amrahbank since 2008.
Currently there are 20 branches and 2 sub-branches of the bank operating. The Bank's branch network covers the capital and regions of our republic such as Sumgait, Lankaran, Tovuz, Bilasuvar, Barda, Ganja and Masalli.
The official exchange rate is 0,7843 AZN/USD on July 26.