OREANDA-NEWS. May 27, 2010. The Bank Respublika (BR) increases rate of decrease in depositary rates.

member of supervisory board of the bank Agshin Amirov said,  from 1 June next decrease of  depositary rate to 8 % is expected.

“We have begun process of decrease of rates since October, then carried out  it in March and May. It is normal market usage,” A. Amirov said.

At the same time, the bank retains high loan rates over lack  of competition in this sector.

“ Average loan rate of the bank totals 16-20% because of business loan which reduce it. At the same time, we have also loans with rates higher than  30%,” A. Amirov said.

At that, in 2010 the bank considers the basic direction of its  activity of retail operations and lending  small and medium-sized entrepreneurship(SME).