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




"Universal" deposit

Dispose the amount of Your deposit with features characteristic of demand and time deposits 

"Universal" type of deposit is unity of current account and time deposit. Every month a new interest rate is determined that operates on increasing principle of calculation. A deposit can be replenished up to 5 (five) times of initial amount throughout conventional term with the exception of the last month. In case of decrease in deposit recalculation of interest is carried out monthly.

   Term of deposits

Annual interest rates

AMD

USD

Euro

1st month

10.50%

7.50%

5.50%

2nd month

10.60%

7.60%

5.60%

3rd month

10.70%

7.70%

5.70%

4th month

10.80%

7.80%

5.80%

5th month

10.90%

7.90%

5.90%

6th month

11.00%

8.00%

6.00%

7th month

11.10%

8.10%

6.10%

8th month

11.20%

8.20%

6.20%

9th month

11.30%

8.30%

6.30%

10th month

11.40%

8.40%

6.40%

11th month

11.50%

8.50%

6.50%

12th month

11.60%

8.60%

6.60%

The minimum amount of deposit is 25 000 AMD or equivalent foreign currency and the maximum amount is 25 000 000 AMD or equivalent foreign currency.

Interests are paid every month.

Sample of contract


Updated: 21.10.2011 13:15


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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