AREXIMBANK (ARMENIA) ANNOUNCES ABOUT CHANGES IN CONDITIONS RELATED TO SEASONAL DEPOSIT “AUTUMN”
ARKA News Agency, Armenia
Sept 5 2005
YEREVAN, September 5. /ARKA/. The Areximbank (Armenia) announced
about changes in conditions related to the seasonal deposit “Autumn”,
press-service of the Areximbank reported ARKA News Agency. From
September 15 to October 15, 2005 the bank accepts USD deposits for
1-12 months at 8% interest rate (previously for 6-12 months at 9%
interest rate). According to press-release, the interests are paid
immediately after the registration of the deposit. All depositors,
if they wish, are given Visa Electron plastic cards for free if the
deposits amount to USD 10,000-USD 50,000; Visa Classic if the deposits
are up to USD 50,000, and Visa Gold if the deposits exceed USD 50,000.
Areximbank CJSC was registered on June 3, 1998 to support business
and servicing of the financial flows between Armenia and Russia.
Total assets of the Areximbank made AMD 10.8bln by June 30, 2005, the
bank’s credit portfolio made about AMD 4.7bln. Total capital of the
bank made AMD 2.8bln by June 30, 2005 and the profit in January-June,
2005 made AMD 95.3mln. ($1 = AMD 463.27). A.A. –0-