Azerbaijan, Baku / Trend / Azerdemiryolbank OJSC has launched summer deposit campaign of Relax-2, which will last until 1 October 2007, according to the bank's report.
In accordance with the terms of the offer, deposits in the sum of AZN 5,000 - AZN 200,000 (or US $) are accepted for one year. The interest rate makes up 14% for deposits in national currency (manat) and 15% in foreign currency.
Depending on the client's wish, he can open a credit line in 50% of the deposit. A bank safe and an IAPA travel discount card are included free of charge.
Notably, as a result of the first Relax deposit campaign held last year, the bank attracted an additional $8mln in savings, proving the population's strong interest in such offers.
Azerdemiryolbank has been operating for eighteen years. The package of 25%+1 stock of the bank belongs to the European Reconstruction and Development Bank.