Bank Of Baku

Parabank introduces to customers new deposit type “Collection”

Parabank introduces to customers new deposit type “Collection”
# 17 September 2010 09:45 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Parabank introduced to customers new deposit type “collection” for increasing of revenue rate placing the means.

Bank says this type is implemented in two ways. First, interest rate increases till 12% depending on term of deposit and currency exchange. Minimum sum is AZN 500 (dollar, euros). Minimum additional sum is AZN 100 (dollar, euros).

Second, interest rate increases till 13% depending on term of deposit and currency exchange. Minimum sum is AZN 500 (dollar, euros). Minimum additional sum is AZN 500 (dollar, euros).

Owned by 23 individuals Parabank has been in operation since 1991.
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