YEREVAN, February 25. \/ARKA\/. Armenia\u2019s Ameriabank said today the overall volume of its time deposits placed by individuals grew by 69% last year to 26 billion Drams.<\/p>\n
They accounted for 61% of all deposits of the bank, according to its press release, which said that the volume of time individual deposits rose more than 27% in the fourth quarter of 2010. According to Central Bank of Armenia data, individual time deposits in the banking sector grew by 12.4% last year.<\/p>\n
As part of its plan to expand the variety of deposits Ameriabank offered last December 2 a special deposit called \u2018Learn the Cost of Money\u2019 that attracted 2 billion Drams in fresh deposits in December alone which have risen to 3 billion Drams.<\/p>\n
The press release said also Ameriabank will continue this trend in 2011 as well by offering new types of deposits. In February it has offered Gold Structural deposit , which is equal to investment in gold, but the difference is that the bank guarantees return of the deposited money even if gold prices drop.<\/p>\n
It provides depositors with a chance to earn money from world markets without running any risk of losing the deposited money. Golden Structural secures also fixed interest profit.<\/p>\n
\u2018Although Ameriabank is an investment corporate bank it continues to attach due attention to development of new packages of products for its individual clients,\u2019 the press release said.<\/p>\n
\u2018The growing trust of the public in our bank, its flexible tariff policy are key to increasing both the volume and number of our individual deposits,\u2019 it added.<\/p>\n
The Ameriabank CJSC is an investment corporate bank providing investment, corporate and limited retail banking services in a package. Ruben Vardanyan is the chairman of the bank\u2019s directorial board and Artak Hanesyan is the director general. Troika Dialogue, one of Russia\u2019s leading investment companies, is a strategic partner to Ameriabank. ($1 \u2013 366.6 Drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
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