News
07.05.2012
Mortgage loans without prepaying Armenian Development Bank offers a new loan to its customers - a mortgage loan without prepayment. 
27.04.2012
Deposit portfolio surged by 122% Armenian Development Bank increased its deposit portfolio by 122% or 12.4 billion AMD in the first quarter of 2012, compared with the same quarter a year before.  

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Address of the Armenian Development Bank OJSC, RA, Yerevan, 0015, 21/1 Paronyan str., Tel.: /37410/ 59 15 15, Fax: /37410/ 59 14 05, S.W.I.F.T. ARDEAM 22, e-mail address: info@armdb.com




"Multicurrency" deposit

Our customers have an advantage where others lose their due interests

If You want to get revenue from invested money but you don't except the possibility of urgent withdrawal of the money prior to the deadline, this deposit with special conditions is more suitable for You.

"Multicurrency" deposit has the following advantages:

  • deposit will enable to allocate savings within a deposit via 3 currencies - AMD, USD and Euro
  • throughout deposit operation You may any time convert deposit balance from one currency into another without loss of interest
  • with completion of each month You can break deposit contract without loss of interest

Conversion of a part of deposit into one currency and replenishment of part /parts/ with another currency aren't viewed as decrease in deposit. Throughout deposit operation You can replenish the deposit with initial sum of invested deposit. It is allowed to reduce /decrease/ deposit amount carrying out recalculation of interest for monthly term of deposit contract.

 

Term of deposits

Annual interest rates

AMD

USD

Euro

12 months

12%

9%

7%

Minimum amount of a deposit is 100 000 AMD or equivalent foreign currency and the maximum amount is 50 000 000 AMD or equivalent foreign currency.

Interests are paid monthly for actual days of deposit balance in every currency.

Sample of contract


Updated: 21.10.2011 13:03


Exchange rates
17.05.2012, 15:08 Buy Sell
USD/AMD 396 400
GBP/AMD 620 636
EUR/AMD 501 509
CHF/AMD 412 424
RUB/AMD 12.5 12.97
CAD/AMD 383 396
GEL/AMD 225 250

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