OREANDA-NEWS. July 01, 2009. With two months left until the beginning of the European Men’s Basketball Championship in Poland starting 7 September, the official sponsor of the national men’s basketball team DnB NORD Bankas designed a pleasant surprise to its customers yet again – the Basketball deposit ™ – the rates of which will be directly linked to the victories of the national squad. With every victory the Lithuanian squad wins the higher premium will be paid by DnB NORD Bankas to its customers, reported the press-centre of DnB NORD Bankas.

The very first victory of the national team in the championship will lift one year’s LTL Basketball Deposit interest by 0.2 percentage point the following working day. The victory premium that depends on the deposit term and currency will be paid on top of the effective term deposit rates. This year corporate customers will also be eligible to place their savings on the Basketball Deposit™. In case the Basketball Deposit™ is made through the Internet, DnB NORD Bankas will pay an additional premium of 0.25 percentage point.

“The Lithuanian National squad may play up to nine games in the championship, therefore it makes an excellent opportunity to DnB NORD Bankas customers not only to celebrate the basketball victories but also enjoy high return on their deposits,” Deividas Raipa, Manager of DnB NORD Bankas Retail Banking, said.

Last year, when DnB NORD Bankas offered an opportunity to link the deposit rates with victories of the Lithuanian Olympic squad in Peking, customers placed a record LTL 60 million to the Basketball Deposit. Lithuania’s national basketball squad scored five victories then.

The basketball deposits are accepted in litas, euros and US dollars and can be placed through DnB NORD Bank’s internet banking system as well as at all DnB NORD outlets until the very start of the European Championship (6th September inclusive) for a term ranging from 6 to 12 months.

AB DnB NORD Bankas is part of DnB NORD banking group that was established by Norway’s largest bank DnB NOR and North Germany’s largest bank NORD/LB. DnB NORD Bankas runs three subsidiaries in Lithuania: asset management firm UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas.