OREANDA-NEWS. April 09, 2008. The Presidential Decree of 20 February 2008 "On additional measures to liberalise the conditions for and provide the guarantee of return of the population's deposits in commercial banks" has played an important role in strengthening people's trust in the banking system and stimulating the attraction of their funds to the deposits in commercial banks, reported the press-centre of Ipak Yuli Bank.

And today commercial banks are taking measures that allow them substantially increase the volume of funds taken from the population. Also, Ipak Yuli Bank is conducting a large-scale promotion campaigned intended to raise public awareness about the importance of the said Presidential decree, and its role as a guarantee of the safety of population's deposits in banks.

Every bank division, including branch offices and express centres are conducting explanation sessions on the bank secrecy and confidentiality of client information. All staff of the Ipak Yuli Bank sign under the obligation to keep bank secrecy from the first day of their work.

One of the priorities in the activity of the bank is the provision of deposit services to the population. As of 1 April 2008 the consolidated balance of individual deposits in the bank comprised 22,1 billion soums. About 40% of this sum was deposited in hard currencies – US dollars and euros.

The growth of private deposits thus made up 46% year-on-year. "Yoshlik" deposits taken in national currency at the interest rate of 30% pa and "Fortuna" deposits taken in hard currency at the interest rate of 10% pa are particularly popular among the clients.

Experts expect the decree to boost population's deposits in banks, thereby increasing the flow of investments into the national economy, and stimulating the improvement of people's livelihoods and economic growth of the country in general.