OREANDA-NEWS. On August 01, 2007 Ukio bankas increased time deposit rates for private and business clients. Annual interest rates for savings and universal deposits will increase respectively, reported the press-centre of Ukio bankas Group.

“We aim to offer the most attractive terms on deposits to Ukio bankas clients. We increased interest rates with respect to inflation, attempting not only to give the maximum protection for deposits of our clients but also to ensure that they gain financial benefit from saving,” says Director of Ukio bankas Product Development Department Balanda Bradulskiene.

Deposit accounts in Ukio bankas can be held in litas, euros, US dollars and GB pounds. The maximum interest rate p. a. for deposits in litas and euros is 5,1 percent, for deposit in US dollars 5,5 percent, for deposits in GB pounds 5,35 percent. Ukio bankas will run a campaign until 1 September and will give the opportunity for clients opening a 12–24 months deposit account to collect the annual interest outright.

The number of deposit accounts held in Ukio bankas by private and business clients is growing rapidly. During the fist half-year of 2007 the Bank’s deposit and letter of credit portfolio increased by 28 percent from LTL 2,1 until 2,7 billion.