AMERIABANKS OFFERS UNPRECEDENTED TERMS FOR TIME DEPOSITS
PanARMENIAN.Net
19.03.2009 15:18 GMT+04:00
/PanARMENIAN.Net/ Ameriabank offers time deposits to legal persons
at new and flexible terms, to enable correct use of their resources
by the entrepreneurs. As Ameriabank Marketing Department reported,
in current situation, while suppliers don’t enter into deferred
payment arrangements, and consumers do not fulfill their obligations
on time, money flow can’t be planned. A necessity arises for cash
assets distribution system to increase effectiveness of cash usage.
New time deposit terms allow increasing or decreasing of deposit
amounts within interest rate limits stipulated. The annual interest
rates can vary up to 11% for AMD deposits and 6% for USD or EURO
deposits, depending on deposit amount.
Annual interest rates will be individualized in case deposits exceed
AMD 500 million or USD 500 thousand.
As per 28.02.09, Ameriabank time deposit rate volume rose 7,2 times
as compared to the same period of 2008, and by 47.8 % within the
first two months of 2009.