Unibank Offers New Kind Of Deposit – ‘UNIStream-Express’

UNIBANK OFFERS NEW KIND OF DEPOSIT – ‘UNISTREAM-EXPRESS’

ArmInfo
2009-04-09 14:09:00

ArmInfo. Unibank launched a new kind of deposit – "UNIStream- Express"
started April 7.

As Unibank’s press service told ArmInfo, this kind of deposit is
offered in view of continuous growth of clients of the International
cash remittance system UNIStream. The main specifics of this kind
of deposit is in its formation only at the cost of transfer through
UNIStream system. Moreover, this kind of deposit does not suppose a
fixed deposit storage term, a depositor may request the whole deposit
or its part at any time (under the condition of retaining a minimum
deposit balance), as well as the interest.

The deposit is accepted in both drams (at 12% per annum) and
foreign currency (at 10% per annum). Depositors are enabled to
replenish their deposit but only at the cost of transfer through
UNIStream. A competitive lottery will be held among the depositors
of UNIStream-Express at late 2009, the press-release says.

To note, Unibank has been an exclusive partner of UNIStream in rmenia
since second half, 2002.