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Bank of Azerbaijan launches new MAY campaign

Business Materials 12 May 2009 12:49 (UTC +04:00)

Azerbaijan, Baku, May 12 / Trend /

Bank of Azerbaijan announced a new campaign under the name of MAY (Manat Al və Yerləşdir - Buy and Deposit Manat) which will last by late May, the bank said on May 12.

The campaign designates that the bank exchanges dollar to manat at the highest rate in the country. There is no upper level of the purchase, i.e., client can sell dollars to the bank, who many he/she wants.

The bank not only purchases dollar, but also increases the deposited manats. By exchanging dollars to manat, a client preserves them at the urgent account in the bank for at least в months. After 6 months, the amount will increase by 15 percent of interest rates thanks to the saved interests. If a client deposits his/her funds for a year, interest rates will respectively increase 17 percent, then 18 percent -two years, 19 percent - three years. Besides, Bank of Azerbaijan pays these interests per month.

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