Alokabank Issues Deposit Certificates for Legal Entities
OREANDA-NEWS. January 5, 2011. Alokabank private open joint-stock commercial bank issued deposit certificates worth a total of 100 billion soums for legal entities. At that the nominal price of deposit certificate varies from 1 million to 1 billion soums.
The interest of deposit certificate differentiates depending on deposit term. The minimal interest comprising 7% APR the owner receives for floating funds for a period of six months, while the maximum interest of 9% APR the owner receives for a deposit period of 39 months. The interest is paid monthly on the last bank's working day.
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