Bank Of Baku

Parabank offers new deposit service

Parabank offers new deposit service
# 10 September 2008 15:58 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s Parabank has launched a new multi-currency service for depositors.
The bank said this service allows unlimited conversion of one currency into other by a deposit.
That is to say, a depositor will exchange its deposit to another currency without any loss when the original currency of the deposit depreciates.
Depositor will not to wait until the maturity date, or to terminate deposit agreement for switching to another currency and accrued interests will not be lost.
The yield of deposits will be calculated in accordance with the yield on deposits in target currency.
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