The depositors have a chance of winning 7 gold ingots every month and a Honda Accord.
The highest interest rate for USD deposits is set at 16% per annum and the deposit term is 36 months, the minimum amount is AZN/USD 2 000 with interest withdrawal at maturity.
The annual interest rates per annum for AZN/USD 2 000 were listed below:
Maturity period (Months) | Monthly withdrawal of interests | Withdrawal of interests at maturity |
12 | 13.5% | 14.0% |
18 | 13.8% | 14.5% |
24 | 14.0% | 15.0% |
30 | 14.2% | 15.5% |
36 | 14.5% | 16.0% |
As of July 1, Bank Respublika’s assets stood at AZN 330.7 million, loan portfolio at AZN 221.6 million, deposit portfolio at AZN 138.6 million, total capital at AZN 34.1 million and authorized capital stood at AZN 12.6 million.
Bank Respublika has been in operation since 1992. DEG Investment Corporation and Sparkassen International Development Trust hold a 25%+1 joint stake.
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