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Azer Turk Bank raises deposit rates by over twofold

Business Materials 19 February 2016 18:17 (UTC +04:00)
Azer Turk Bank has increased the annual interest rate on individuals’ manat deposits by over twofold.
Azer Turk Bank raises deposit rates by over twofold

Baku, Azerbaijan, Feb. 19

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Azer Turk Bank has increased the annual interest rate on individuals' manat deposits by over twofold.

Having renewed the deposit products, the bank now offers new types of deposits on favorable interest rates.

The new deposit types are named Standart, Klassik and Premium.

The placement period on new deposits is 12, 24 and 36 months, respectively.

Azerbaijan's national currency will be widely used as a means of accumulation, the confidence in the manat will be improved and the population's social welfare will rise as a result of over two times increase in the interest rate on manat deposits and the creation of new deposit types.

Despite the increase in the deposit interest rates, Azer Turk Bank kept the interest rates on all loans at a stable level.

Azer Turk Bank will also present MasterCard payment cards to the owners of all types of deposits.

For more information about the Bank, its service network, products and services please visit www.azerturkbank.az, the Bank's corporate pages on social networks or call (012) 945.

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