OREANDA-NEWS. On November 21, 2008 Services related to deposits and management of funds have traditionally been Parex banka’s strength. Continuing to improve its positions in this segment, Parex banka has launched a new deposit campaign and increased interest for the most successful deposit products, reported the press-centre of Parex banka.

The interest rate for a 1 year deposit has been increased to 10,5%, while the profitability of Maxi account in LVL now stands at 8% instead of previous 7%, which certainly is a notable merit for numerous loyal Maxi account customers.

Guntis Belavskis, Senior Vice-President of Parex banka commented: “It is our first and foremost wish that those customers, who reposed their trust in Parex banka despite the circulating rumours, would be confident about their choice. Together with Latvian Mortgage Bank, the Financial and Capital Market Commission and the Government we have stabilised the situation at the Bank over a very short period of time. Now we have to proceed with doing what we can do best. The lost confidence cannot be regained in a day or a week, but we have embarked upon this way.”

Recently, the number of newly concluded deposit agreements has increased sharply and the funds placed on Maxi accounts have swelled. The profitability showings of Maxi account have reached and in some cases even outpaced the indices of term deposits of other banks; thus, this product is perceived as very potential by the Bank.

Parex banka would also like to remind that the customers, who had prematurely closed their deposits at the Bank and withdrew their funds from savings accounts and Maxi accounts due to the market nervousness, are welcome to address their customer service managers to return their deposits on accounts and get a refund of the paid commission.