OREANDA-NEWS. January 8, 2010. To honor its 20th anniversary DemirBank held 1st draw of “ANNIVERSARY” lottery, where the grand prize is TOYOTA RAV4 automobile. The first drawing of the campaign identified winners of a week long trip for two to Prague and 4 Samsung videocameras. The Bank notified winners about their prizes.

“ANNIVERSARY” campaign will last until the end of January 2010. Grand prize – TOYOTA RAV4 car is placed on a display platform in front of the Bank’s head office. Also the lottery plays 7 day trips to Prague, Vienna, Milan, Paris and 15 Samsung video cameras. Fourth drawing will take place on 1 February 2009.

The monthly lottery involves all funds of population (except for “Sari\Yellow” deposit) deposited in DemirBank with a term longer than 12 months and value over 1 000 AZN\USD\EUR\GBP. Each deposit worth 1 000 AZN\USD\EUR\GBP at the drawing for each prize.

DemirBank offers its customers a wide variety of deposits on favorable terms, which can satisfy individual needs of the depositors. A depositor may receive interests in the beginning of the deposit term, monthly, quarterly, annually or at the end of term. Individual products allow adding up to the deposit, premature withdrawal of the deposit without lost of interests, accrual of interest on interest, credit card line for the equal to 70% of the deposit value and other advantages.

Highest interest rates on deposits are equal to 18.75% annual. Deposits in DemirBank are insured in accordance with rules of Azerbaijan Deposit Insurance Fund.

“Volume of deposits in DemirBank amounts 70.8 million AZN. DemirBank is among leading banks for volume of population’s deposits, which have increased by 70% for the last year. This is one of the highest growth indicators in the country and is a representation of people’s trust in DemirBank – an institution with 20 years of broad banking history” – said Yusif Jabbarov, deputy Chairman of the Management Board.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).