OREANDA-NEWS. November 26, 2009. BTA Bank is decreasing maximum interest rates for deposits of individuals. The correction will cover the whole line of the Bank’s term deposits, reported the press-centre of BTA Bank.

This measure is caused by the market situation, which sees general decrease in ruble rates for deposits of individuals and by successful drawing of funds over the previous months, which lowered the need of the Bank in term deposits of individuals.

According to the data as of November 1, 2009 the number of opened term deposits with BTA Bank exceeded 23 ths. The portfolio of term deposits as of the date mentioned totals 6.7 bln rubles, demand deposits not taken into account. The growth rate of the volume of deposits, drawn as of the similar date in 2008, totals 74%.

Within the update of the terms and conditions of the deposit line, the interest rates for deposits in rubles and currency were lowered, the line of deposits was optimized by the number of effective deposits, ranges of maximum terms of placement and ranges of large amounts.

Moreover, on November 23, 2009 a new seasonal deposit of the Bank called “Narodny +” (People’s +) allowing to get income in the amount of 15% per annum with no loss of the paid interest was implemented.