AMERIABANK LAUNCHES NEW DEPOSIT PROGRAM

ArmInfo
2008-07-18 17:41:00

Ameriabank has launches a new deposit programs this month, Ameriabank
press-service reports.

Under the program the bank has introduced the following deposits:
‘Standard’, ‘Capital’, ‘To Relatives’, ‘Moneybox’, ‘Practical’ and
‘Convertible’. In particular, deposit ‘Standard’ maturity is at
least 30 days. The minimum amount of deposit is 75,000 AMD. Deposit
‘Capital’ allows replenishing the deposit, and the interests are
calculated on the actual balance. The minimum amount of deposit is
60,000 drams. Deposit ‘To Relatives’ is registered on a third party
that can enjoy all the rights of depositor. The minimum amount of
deposit is 100,000 drams. Deposit ‘Moneybox’ is registered on the name
of a child. The depositor can fill the amount both in conformity with
the coordinated amount and term and any time and any amount convenient
to him.

The minimum amount of deposit is 30,000 drams. Deposit ‘Practical’
with the minimum amount of 300,000 drams allows flexible management of
funds. In particular, one can fill or reduce the amount of deposit by
30% without losing the accumulated interests. Deposit ‘Convertible’
allows changing the currency of deposit during the whole time of
the Deposit receiving the interests accumulated earlier. The minimum
amount of deposit is 300,000 drams.

The bank reports that the new deposits of Ameriabank have a series
of privileges: gifts – MasterCard Standard, MasterCard Gold plastic
cards, free annual service. At least 0.5% additional interest rate
if the deposit exceeds 30 million drams or equivalent in foreign
currency. Ameriabank data say the bank’s time deposits for first half
of 2008 were up 2.6 times to 8.9 billion drams. The capital base of
the bank is 26 million US dollars.