Areximbank-Gazprombank Group offers a new deposit product - Classic Plus AMD 15-17% time deposit.
According to the press-service of the bank, the deposits will be received till Mar 10 2015, with no chance to prolong or enlarge them. The interest will be paid in the end. The minimum size is 500,000 AMD.
The first to raise deposit rates was ProCredit Bank. In Dec 2014 it raised the rates of AMD deposits to 16-18%. The next was Anelik Bank with 16-16.25% Dram+ deposit.
According to ArmInfo's Financial Rating of Armenian Banks, Areximbank-Gazprombank Group has the 12th biggest time deposit portfolio and 11th biggest private time deposit portfolio among 20 Armenian banks. Time deposits account for 26% of the bank's deposits.
The sole owner of Areximbank-Gazprombank Group is Gazprombank from Russia.