Unibank issues new deposit with replenishment regime

Unibank issues new deposit with replenishment regime

27.05.2010

ArmInfo. From now on Unibank has started receiving new time deposit
with replenishment regime. As press-service of the bank reported,
depositors of the deposit “With replenishment” will have an
opportunity to replenish the sum of the deposit except the last three
months of the term of the deposit. The sum of replenishment in the
term of the deposit validity cannot exceed the twofold sum of the
deposit sum invested from the very beginning. The dram deposits’
interest rate is 11%, US dollar – 7%. Minimal sum of the deposit is
100 thsd drams or $300, maximal term – 365 days. The depositors may
get 90% overdraft from the sum of deposit. As of 1 April 2010 the
volume of the time deposits of Unibank was 73.7bln drams, 48 bln drams
of which are deposits of individual persons.

From: A. Papazian