Monday, September 3 2012 19:05

Prometey Bank introduces Autumn Smile convertible term deposit


ArmInfo. Prometey Bank has introduced an Autumn Smile convertible term deposit for resident and non-resident individuals.

The press service of the bank reports that the campaign will last from Sept 3 till Nov 30.

The deposit currency is AMD and USD, Minimum deposit amount 1,000,000 AMD or $2,500, the annual interest rate 12% for AMD deposits and 9% for USD ones, the deposit term 6-24 months, the terms of currency conversion AMD-USD and USD-AMD. At the wish of the customer, the interests for first 3 months are paid immediately; for the next months -monthly, quarterly or at the end of the term.

"Autumn Smile" depositors will receive: Free banking card MasterCard Standard with no annual service fee (if the deposit is less than U.S. $ 5000 or 2 million AMD), on which the accrued interest will be transferred at the depositors' wish.

Free banking card MasterCard Gold with no annual service fee (if the deposit is equal to or greater than U.S. $ 5000 or 2 million AMD), on which the accrued interest will be transferred at the depositors' wish. According to ArmInfo's Ranking of Commercial Banks of Armenia, July 1 2012 Prometey Bank's obligations totaled 24.4bln AMD (10.4% growth in Jan-June 2012, 8.3% growth in Q2 2012 and 59.2% growth as compared with July 1 2011). 30% of the obligations were term deposits or 7.3bln AMD (twice as much as July 1 2011, 35% growth in Jan-June 2012 and 35.1% in Q2 2012). 92% of the term deposits or 6.7bln AMD were individual deposits.

46.13% of Prometey Bank's shares are owned by Zakneftegazstroy-Prometey LLC, 49.97% by Prometey-City LLC.
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