OREANDA-NEWS. April 18, 2011. By keeping track of Latvia’s economic performance dynamics and analyzing possible economic recovery scenarios, TKB offers an opportunity to earn jointly with the growth of Latvia’s gross domestic product (GDP) by depositing money on Solidary Deposit.

Solidary deposit is a special deposit product. It is a term deposit with one - year maturity the income of which is pegged to Latvia’s GDP growth rate. If Latvia’s GDP in 2011 grows by at least 3 %, the Solidary Deposit income will be calculated at the raised interest rate of 5%. If performance of the rate does not meet the positive expectations of economic experts, the basic interest rate of 3.1% will be applied to the deposit, and this rate also ranks among the most attractive offers in the standard deposit market of Latvia.

The Solidary Deposit is an opportunity to attach your deposit income to your country's economic development. Contrary to the structured investment products, where profits are determined by various, often difficult for the depositor to understand, foreign stock market indices and business success, the Solidary Deposit income depends on a specific, topical and clearly comprehensible for population of Latvia economic characteristics - GDP growth, the dynamics of which can be easily followed by everyone in the public space - the media, commentaries of economists and information provided by the Central Statistical Bureau of Latvia.

Currently, both the optimistic and prudent forecasts of economists for GDP growth in 2011 exceed the threshold of 3% and they are based on the economic recovery trends of Latvia, which date back to last year, when after a long break the first signs of growth appeared and exports rose significantly. The Bank of Latvia and the Government of Latvia, as well as the International Monetary Fund have forecasted the growth of GDP from 3.3% to 3.5% this year.

The Solidary Deposit is available for one month from 6 April 2011 to 5 May 2011 for EUR deposits with one - year maturity. You can apply easily and quickly for the Deposit in the Customer Service Centre of Trasta Komercbanka at 1 Palasta Street in Riga, in the Bank's branches in Liepaja and Daugavpils, as well as to fill in your application online via Trast.Net. Additional information of the raised deposit rates and other types of deposits is available in TKB Infocentre at (+371) 67 027 777 and in the Deposits Section of our website.