ArmInfo.ARARATBANK launched a three-year term deposit - "Ararat Comfort". As ArmInfo was informed in the press service of the bank, this deposit has an attractive interest rate and the ability to replenish the amount without visiting the bank. According to the source, the annual nominal interest rate for dram deposits is 9%, for dollars - 4.65%, for euros - 2.5%.
The annual percentage yield of the dram deposit is 9.41%, the dollar - 4.76%, the euro - 2.53%. Payment of interest on the deposit is provided monthly. The minimum deposit is set at 500 thousand drams, $ 1,000 and 1,000 euros, and the maximum - respectively 100 million drams, $ 200 thousand and 200 thousand euros.
The depositor may replenish the deposit amount "Ararat-comfort" at any time during the validity period of the deposit agreement, with the exception of the previous 90 days. But the replenished amounts in the aggregate should not exceed the initial size of the deposit. During the term of the contract, a reduction in deposit is allowed without restrictions on the amount and duration.
Recall that ARARATBANK OJSC has been operating since November 2005. The majority shareholders of ARARATBANK as of October 1, 2019 one of the largest oil traders in Armenia is the Flash company with a 72.33% equity stake, Barsegh Beglaryan (a well-known entrepreneur, the head of Flash) - 22.62%, the Rural Impulse Fund II (part of the Belgian Incofin Investment Management - Incofin IM) - 4.29%.
