OREANDA-NEWS. May 14, 2008. These days, PRAVEX-BANK increased rates on deposits in national currency in average by 1%. Increased rates apply both to short term and long term deposits. After having been increased, interest rates level on deposits in national currency achieves 17% p.a., reported the press-centre of PRAVEX-BANK.

“Currently, it is very profitable to invest money in banking deposits in national currency, as relatively stable currencies exchange rate permits to obtain maximum interest on a deposit especially in national monetary unit. Rates increase on deposits positively affects depositors' mood. In PRAVEX-BANK interest rates growth on deposits together with their high reliability makes the deposit much more attractive means of investing money and subsequently results in constant increase of our clients number”, — commented Svetlana Kramarova, Head of deposit operations Department.

PRAVEX-BANK is a bank-member of Individuals' Deposits Guarantee Fund from 1999, and as an exclusively stable and reliable partner has been involved more than one time by the Fund in the process of payment of compensation to other banks' depositors.