OREANDA-NEWS. October 6, 2011. Since the beginning of October, Piraeus Bank has increased the interest rates on term deposits for business customers. Rates on deposits for legal entities in national currency increased by an average of 1% per annum, and the increase in rates are applied to both short- and long-term deposits. Thus, the rates on deposits for business clients in Piraeus Bank can receive up to 13.5% per annum in hryvna, and for deposits in U.S. dollars and euros - up to 6.5% per annum.

"Competitive interest rates and the reliability of deposits in the bank that is part of an international banking group with assets over EUR 57 bln and regulatory capital of EUR 3.5 bln, allow us to gradually increase the number of clients - Dmytro Musienko, Piraeus Bank in Ukraine member of the board, director of the branch network department, said. - Seasons of business activity growth of our customers and, consequently, the need to increase the amount of borrowed funds for business lending allows us to offer more attractive terms for deposits of legal entities".