YEREVAN, October 23. \/ARKA\/. Armenian Araratbank has reconsidered its Time Deposit terms and now offers its clients to deposit money at 11% interest in drams and 9% in U.S. dollars.<\/p>\n
The bank said on its official site that 7.5% interest rate is set for 45- to-90-day deposits in drams and 2.5% for those in dollars.<\/p>\n
According to the information 91-to-180-day deposits will be attracted under 8.5% and 4.5% interest rates.<\/p>\n
The bank offers 9% interest for 181-to-270-day dram deposits and 6% for dollar deposits, 10.5% and 8% for 271-to-365-day deposits and 11 and 9% for 366-to-546-day deposits.<\/p>\n
Interest rate on 546-day and over deposits will be set up on a contractual basis, just as for AMD 20-million (or equal amount in foreign currencies) and greater deposits.<\/p>\n
Clients can choose among monthly and quarterly pays, or take their interests by contract expiration date.<\/p>\n
Araratbank, the heir of Armsvyaz, was established on September 2, 1991.<\/p>\n
On October 31, 1996, the bank got his license.<\/p>\n
Euroepan bank for Reconstruction and Development holds 25% of the bank\u2019s shares and 74.1% belong to Bersegh Beglaryan, owner of Flash Company.<\/p>\n
On January 30, 2009, Araratbank joined NASDAQ OMX Armenia Stock Exchange. -0—<\/p>\n","protected":false},"excerpt":{"rendered":"
Araratbank changes interest rates for Time Deposits<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,15837,12163,12164],"class_list":{"0":"post-1860","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-araratbank","9":"tag-armenia-2","10":"tag-banks","11":"tag-deposits"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/1860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=1860"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/1860\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=1860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=1860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=1860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}