Infinbank Issues Deposit Certificates
OREANDA-NEWS. June 30, 2010. Infinbank private open joint-stock commercial bank has issued deposit certificates for legal entities with the nominal cost of 50 million soums and 100 million soums.
Interest rate of these securities differentiates depending on the period of money saving. The owners receive minimum profit worth 10% APR provided that they deposit funds for 6 months and maximum profit worth 13.5% APR provided that funds are deposited for 24 months.
The goal of issuing such certificates for legal entities is to expand resource base of the bank and activate its participation in the securities market.
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