Wednesday, October 31 2012 14:41

INECOBANK launches new deposit promotion campaign on occasion of World Savings Day


ArmInfo. INECOBANK has announced a new deposit promotion campaign on the occasion of the World Savings Day and invited its old and new customers to participate in it, the bank's press-service told ArmInfo.

The source reports that the customers joining the campaign will be provided with Ineco Online service free of charge in case of depositing 100,000 and more on October 31.

In addition, the customers will get an opportunity to receive monthly interests. In case of terminating the contract in 6 months, the interest amount is not changed. The minimum deposit is 5,000 drams (10USD/10EUR).

According to the Ranking prepared by ArmInfo, INECOBANK's time deposits totaled 18.1 bln drams (23% of general obligations) as of Oct 1 2012, with a 21.6% annual growth. This indicator grew due to the 34% growth of personal deposits to 17 bln drams (17th rank).

INECOBANK cjsc shareholders are Avetis Baloyan, Karen Safaryan, as well as Deutsche Investitions-und Entwicklunsgesellschaft mbH (DEG), a member of KfW, and IFC.

The World Savings Day was established on October 31, 1924, during the 1st International Savings Bank Congress (World Society of Savings Banks) in Milano.
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