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Armenian Ardshininvestbank Offers New Deposit "Dram" =?x-unkn

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  • Armenian Ardshininvestbank Offers New Deposit "Dram" =?x-unkn

    ARMENIAN ARDSHININVESTBANK OFFERS NEW DEPOSIT "DRAM"

    ARKA
    Apr 6, 2009

    YEREVAN, April 6. /ARKA/. Ardshininvestbank is presenting a new "Dram"
    deposit starting from today. According to the bank's press-service
    the base interest rate of the deposit is 12% annually with the
    minimum deposit amount being 300,000AMD. An extra 1% will be added
    to the acting annual interest rate after each 90 days reaching to 15%
    annually. The maximum period of the deposit is 365 days.

    If 30 days and more are left to deposit payout, the depositor may
    still increase the deposit fund.

    Ardshininvestbank received its license (N 83) on banking activities
    from the Central Bank of Armenia on February 27, 2003. The
    main stockholders of the bank are "Region" investment financial
    corporation (86.82%) and the International Financial Corporation
    (10%). Arshininvestbank is an affiliated member of MasterCard/Europay
    international payment system and a stockholder of local transfer
    system Armenian Card CJSC.

    On December 31, 2008, the bank's capital amounted 25.9bln AMD, with
    assets being 113.8bln AMD, liabilities 87.9bln AMD and net profit in
    January-December of 2008 reaching 5.86bln AMD.

    Currently Ardshininvestbank offers call deposits, fixed deposits with
    interest rates being paid at the end of the period (or quarterly) and
    monthly, as well as deposits "Adjuncting", "Transfer Plus", "Child",
    "Card0, "Discount" and "Universal". ($1 - 370.85 AMD).

    From: Emil Lazarian | Ararat NewsPress
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