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UniBank extends Summer Benefit Deposit deadline

15 September 2008 14:20 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijanâ€™s UniBank has extended the deadline for â€œSummer Benefitâ€ deposit action.
Accordance to the new decision, the deadline was extended to October 31 from September 15.
The bank offers customers to enjoy the rate of interest up to 18.7% annually at â€œSummer Benefitâ€. Now, annual interest rates are 1% higher for AZN deposits and 2% higher for USD deposits. You can get a plastic card free of charge and 90% credit line of your deposit amount.
You also become a participant of Diamond Lottery and obtain a chance to win three diamonds.
UniBankâ€™s deposit portfolio rose 47.5% during January-August, 85.5% of the growth was achieved during Diamond Deposit.
The bank offers several deposit products.
The Term Deposits have many advantageous features including the following ones, you can deposit your money at our bank for 6, 12, 18 or 24 months, all the Term Deposit holders are eligible to soft credit lines accounting for 90% of their deposits and to make a term deposit. The minimum term deposit amount is AZN/EUR/USD 1,000.
The Progressive Deposit product is a universal banking product thanks to which you can withdraw your money from the bank before maturity without a penalty and without losing your interest returns.
The Accumulation Deposit allows you not only deposit your money in the bank once but also supplement your deposit account constantly. Besides, the deposit can be made in the name of a third person, in which case you will please produce not only your ID but also a document testifying to your blood relation with that third person.
The Accumulation Deposit can be made for 1 year.
The 2% bonus is payable in the event that you supplement your initial deposit instalment on a monthly basis, in which case the rate of interest on your deposit will be recalculated to equal 13% (for AZN deposits), 10% (for EUR deposits) or 14.5% (for USD deposits)
As at July 1, UniBankâ€™s assets stood at AZN 479.397 million, loan portfolio at AZN 358.761 million, deposit portfolio at AZN 145.395 million, total capital at AZN 66.604 million and share capital at AZN 15 million.
For January-June, revenues rose 2.7 times to AZN 39.612 million and expenditures
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).