OREANDA-NEWS. On January 07, 2007 DnB NORD Bankas the leader of Lithuania’s structured investment product market launched global equity index linked investment deposit that offers a possibility to earn higher interest compared to regular deposits, reported the press-centre of DnB NORD.

The interest rate paid on the newly issued 18 month DnB NORD investment deposit will be directly linked to the portfolio of stock indices which track performance of equities in four most economically powerful global regions that account for over 70 percent of the world‘s gross domestic product. DnB NORD investment deposit index portfolio consists of China Hang Seng, US S&P 500, Europe‘s Dow Jones EURO STOXX 50 and Japan‘s Nikkei 225 indices 25 percent each. With indices rising, AB DnB NORD Bankas depositors will enjoy 65 percent participation.

The investment deposit rate may fluctuate because its interest depends on changes of index portfolio. AB DnB NORD Bankas provides a guarantee to investment deposit holders to repay full principal and three percent interest should the index portfolio falls below the initial at the maturity.

Global equity linked investment deposits shall be accepted in all AB DnB NORD Bankas banking outlets until February 11 deposit contract fee free. The minimum investment deposit amount has been set at LTL 1,000.

Investment deposit is recommended for those depositors who until now kept all of their savings in term deposits or in current account because it has a potential of higher return. DnB NORD Bankas deposits, investment deposits among them, are insured by State Deposit and Investment Insurance program according the LR law on Insurance of Deposits and Liabilities to Investors. The customers, who have a financial power to invest their savings for a longer period, following a consultation with specialists, are recommended to consider invest part of their savings into DnB NORD Bankas equity or commodity linked bonds or equity fund of funds.

In line with the rising investment products demand, DnB NORD Bankas, successfully placed equity and commodity linked bonds worth LTL 662,8 million at par in 2007 taking the lead on the country’s market.

The international rating agency Fitch Ratings has assigned AB DnB NORD Bankas Long-term Issuer Default rating “A”. This high appreciation of DnB NORD reliability matches the sovereign rating of the Republic of Lithuania.

AB DnB NORD Bankas is a universal commercial bank that provides full range of banking services to individual and corporate customers. AB DnB NORD Bankas runs three subsidiaries: asset management firm UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas. The bank is part of Denmark-based DnB NORD banking group which was established by the Norway’s largest bank DnB NOR ASA and North Germany’s largest bank Norddeutsche Landesbank Girozentrale (NORD/LB) to serve customers in Denmark, Finland, Estonia, Latvia, Lithuania and Poland.