Armenian Ardhininvestbank offers new deposit “Dram”

YEREVAN, April 6. /ARKA/. Ardshininvestbank is presenting a new “Dram” deposit starting from today. According to the bank’s press-service the base interest rate of the deposit is 12% annually with the minimum deposit amount being 300,000AMD. An extra 1% will be added to the acting annual interest rate after each 90 days reaching to 15% annually. The maximum period of the deposit is 365 days.

If 30 days and more are left to deposit payout, the depositor may still increase the deposit fund.

Ardshininvestbank received its license (N 83) on banking activities from the Central Bank of Armenia on February 27, 2003. The main stockholders of the bank are “Region” investment financial corporation (86.82%) and the International Financial Corporation (10%). Arshininvestbank is an affiliated member of MasterCard/Europay international payment system and a stockholder of local transfer system Armenian Card CJSC.

On December 31, 2008, the bank’s capital amounted 25.9bln AMD, with assets being 113.8bln AMD, liabilities 87.9bln AMD and net profit in January-December of 2008 reaching 5.86bln AMD.

Currently Ardshininvestbank offers call deposits, fixed deposits with interest rates being paid at the end of the period (or quarterly) and monthly, as well as deposits “Adjuncting”, “Transfer Plus”, “Child”, “Card”, “Discount” and “Universal”. ($1 – 370.85 AMD). G. S. –0--