OREANDA-NEWS. May 08, 2008. Turon Bank open joint-stock commercial bank continues to take consistent measures outlined in the Presidential Decre "On additional measures to liberalise the conditions and guarantee the return of the population's deposits in banks" of 20 February 2008, reported the press-centre of Turon Bank.

The Manager of the Head Department of Monetary Circulation of Turon Bank Zarif Sattarov spoke about this work.

"The decree of the head of the state pays particular attention to the issues concerning further strengthening of the trust of the population in the banking system, reduction of the off-bank circulation of cash, and speeded development of the national economy, uninterrupted stimulation of the attraction of population's idle funds to the accounts in commercial banks as a source of investments and improvement of the livelihood of the population," Sattarov said.

The document states the banks' obligation to keep the secrecy of the citizens' deposits as well as the operations conducted on them. The bank officers found guilty of illicitly disclosing the information constituting a bank secret to the third parties are to be held accountable according to the legislative procedures.

In order to create additional sources of income for the population and attract population's idle funds to banks new convenient and efficient deposit plans are being introduced. In particular, such deposit plans in national currency as Ishonch, Hamkorlik, Nuroniy, Imkoniyat, Shodiyona, Barhayot, Ipoteka, and Yosh Oil and foreign currency deposit plans, such as Meros, Turon Universal, and Optima have high return rates. It is therefore not surprising that they have become so popular among the population.

It is worth mentioning that while previously the depositors could only deposit money in their personal accounts, now they can transfer funds on anonymous basis to the claimant's account, i.e. the account the code of which is known only to the person who would pick up the money. Funds can be deposited both in cash and through a transfer from the accounts in foreign banks. At the same time it is unnecessary to present a declaration justifying the source of the income, or any other documents or notes.

For the individuals to be able to use their funds without restrictions, and in order to ensure timely performance of all obligations to the depositors by all branches and divisions of the bank the necessary cash reserve has been formed.

With every year the bank further activates its efforts to attract the population's funds. Thus, last year the balance of deposits made up 12.5 billion soums, in which the share of time deposits made up 48%. In the first quarter this year the deposits of the population comprised 13,8 billion soums, and the share of time and savings deposits has grown by 53%.

The bank has issued into circulation about 70,000 plastic cards and installed about 400 terminals in retail trade and service points. Not long ago the bank has issued its first plastic cards in foreign currency.

In order to create even more favourable conditions for the clients, the number of savings cash desks is being increased. Their number currently constitutes 30. The clients can also express their concerns and comments through the bank's hotline.