Bank Of Baku

Unibank determines new maximum on deposits

Unibank determines new maximum on deposits
# 03 August 2012 14:23 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Unibank’s borrowed deposits rose 48.4% to AZN 201.2 mln year-on-year. Bank says this is new historical maximum.

Number of depositors rose 50%. The number of depositors in 7 regional branches along with Baku and Sumgayit soared 70%. All deposits in USD were equalized to national currency. Consequently, maximum annual interest rate for private depositors makes 12.4%.

Besides, bank pays on average AZN 1.5 mln interest income to depositors per month.
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