Azerbaijan, Baku, Feb. 13 / Trend /
On Feb. 1, 2009, client deposits at the Azerbaijani Bank Respublika reached 138.8 million manats, the bank said on Feb. 13.
Some 69.7 percent of deposit portfolio fell on urgent deposits which amounted to 96.7 million manats.
The bank's deposit portfolio upped due to increase of people's urgent deposits at the bank. Amount of people's urgent deposits increased by 6 million manats or by 9.7 percent and totaled 67.2 million manats.
Growth of people's deposits testifies people's high trust in Bank Respublika. Bank Respublika offers a wide selection on deposit 'Freedom of Choice Terms of Investment' program which enables growth of deposits. The maximum percentage rate in Bank Respublika in manat and dollar is 16% yearly.
Investors of Bank Respublika depending on the sum and period of investments can obtain MasterCard and VISA cards with credit-free line of 45 days, connect to Home Banking and MobilBank service free of charge, use bank safe free of charge, obtain exit insurance, medical insurance and grace loan.
Bank Respublika permanently conducts winning campaigns amongst depositors and plans to issue a new winning campaign on deposits, soon.
Bank Respublika is a member of the Deposit Insurance Fund, which was set up under the law on insurance investment. Investments in Bank Respublika are insured by the terms of the Deposit Insurance Fund.
Bank Respublika, which has functioned since 1992, is one of key banks of Azerbaijan. Two German large financial organizations - DEG, member of KfW bank group and SIDT, member of Sparkassen-Finanzgruppe with stock package comprised of 25percent + one share
On Feb.13, the official exchange rate is 0.8062 manat to $1.
Do you have any feedback? Contact our journalist at [email protected]