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Rates Of Time Deposits In Ameriabank Keep On Growing

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  • Rates Of Time Deposits In Ameriabank Keep On Growing

    RATES OF TIME DEPOSITS IN AMERIABANK KEEP ON GROWING

    ArmInfo
    2009-04-07 14:57:00

    ArmInfo. Volumes of time deposits in Ameriabank keep on growing. They
    make up 22.2 bln drams by March 31, 2009. As Ameriabank's press
    service told ArmInfo, this is testified by indicators of 1Q, 2009,
    according to which the volume of time deposits grew by 39,9%, having
    exceeded the indicator over the similar period, 2008, 5,7 times.

    Legal persons'deposits which make up 79,4% of the total bank deposits,
    increased by 26,2 % during 1Q, that exceeds the indicator of the
    similar period, 2008, 5,9 times. In December, the Bank advanced
    an initiative of complete insurance of the individual persons'
    deposits irrespective of the amount and deposit currency. This step
    has considerably tightened the bank-society connection, as a result
    of which the volumes of the individual persons' deposits sharply
    grew. Deposits in 1Q, 2009, grew by 141,1%, and the volume of the
    individual persons' deposits increased 5,2 times as compared with
    1Q, 2008.

    To note, Ameriabank CJSC focuses on the investment banking, as well
    as renders the whole spectrum of universal bank services. "Troyka
    Dialogue" Group of companies, one of the biggest investment-bank
    companies of Russia, is a strategic partner of Ameriabank.
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