| 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. 
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 |
 Deposits
"Usual" deposit Classic features of banking deposit on principle of interests' monthly payment "Usual" deposit can be replenished with the number of months corresponding to determined term but not twelvefold of initial amount of a deposit (for instance, if deposit contract is signed for 7-month period, the amount of increase will be sevenfold and in case of 16-month period it will be twelvefold) throughout conventional term. In case of decrease in deposit, recalculation of interest is carried out based on the whole period (it is determined on LIFO principle) at interest rate defined the Bank for demand deposit.
Term of deposit Annual interest rates AMD USD Euro 1- 6 months 11.00% 8.00% 6.00% 7-12 months 11.50% 8.50% 6.50% 13-18 months 11.75% 8.75% 6.75%
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.
Updated:
21.10.2011 13:35
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