Week 16 of 2014 – Giveaway info for the week – Russia: Bank offering 5.90% for one-year retail deposit in USD or EUR

As a free sample for clients and potential clients, below is offered summary information on a sample bank in Eastern Europe or Central Asia selected casually from among those offering moderate (not particularly high) interest rates for foreign-currency retail term deposits.

Bank info:

Name:  TUSARBANK (Акционерный коммерческий банк «ТУСАР» (закрытое акционерное общество))

Headquarters:  Moscow, Russia.

Founded:  1994.

Net assets:  RUB* 12.2877 bln (USD 344.3 mln) as of 31 March 2014, ranking in 239th place among 880 banks operating in Russia.

*As of 31 March 2014 the official exchange rate for the ruble was USD 1 = RUB 35.6871

Contact info:

Phone:  (+7) 499-794-7200

Fax:      (+7) 499-794-7360

Telex: 612056 TUSAR RU

E-mail:  tusar@tusar.ru

Web:  www.tusar.ru

Terms for retail term deposits (Срочный вклад) with monthly compounding of interest, effective from 2 April 2014:

USD (min. USD 350, max. USD 1,000,000):  2.25% a.p.r. for 31 days, 4.01% for 91 days, 5.05% for 181 days, 5.60% for 271 days, 5.90% for 366 days.

EUR (min. EUR 250, max. EUR 1,000,000):  2.25% a.p.r. for 31 days, 4.01% for 91 days, 5.05% for 181 days, 5.60% for 271 days, 5.90% for 366 days.

RUB (min. RUB 10,000, max. RUB 30,000,000):  5.50% a.p.r. for 31 days, 9.00% for 91 days, 10.15% for 181 days, 10.76% for 271 days, 11.00% for 366 days.

Week 15 of 2014 – Giveaway info for the week – Bosnia & Herzegovina: Bank offering 4.40% for 12-month retail deposit in EUR

As a free sample for clients and potential clients, below is offered summary information on a sample bank in Eastern Europe or Central Asia selected casually from among those offering moderate (not particularly high) interest rates for foreign-currency retail term deposits.

  

Bank info:

Name:  Bobar Banka (Бобар банка а.д. Бијељина)

Headquarters:  Bijeljina, Republika Srpska, Bosnia and Herzegovina.

Founded:  1998.

Total assets:  BAM* 371,537,688 (USD 261.8 mln) as of 31 Dec. 2013.  As ranked by net assets, as of 30 Sept. 2013 the bank ranked in 6^th place out of 10 banks operating in Republika Srpska.

*The convertible mark of Bosnia and Herzegovina (BAM, Босанско-Херцеговачка конвертибилна марка) has been pegged to the euro at a rate of BAM 1 = EUR 0.51129 since 1 January 2002, in continuance of an earlier peg of the BAM to the Deutsche Mark at BAM 1 = DEM 1.  As of 31 Dec. 2013 the official exchange rate for the mark was USD 1 = BAM 1.419016

Total loans to customers and deposits in other banks:  BAM 212,200,014 (USD 149.5 mln) as of 31 Dec. 2013 before accounting for provisions, BAM 197,040,100 after provisions.  Of the amount before provisions, 65.16% were in Bosnian marks, 11.91% were in Bosnian marks with contractual protection against risk, and 22.93% were in other currencies.

Total deposits from customers and loans from other banks:  BAM 240,090,182 (USD 169.2 mln) as of 31 Dec. 2013, of which 64.56% were in Bosnian marks and 35.44% were in other currencies.

Net profit (loss) for the year 2013:  BAM 1,414,395 (USD 996,750), up from BAM 1,294,204 in 2012.

Number of branches and banking outlets:  6 branches and 43 other units in Republika Srpska and the Federation of Bosnia & Herzegovina as of 18 November 2013.

POS locations:  55 as of 30 Sept. 2013.

Number of ATMs:  5 as of 30 Sept. 2013.

Number of employees:  189 as of 18 November 2013.

Ownership structure:  As of 10 April January 2014 the bank was owned 22.88% by Bobar Autosemberija d.o.o. Bijeljina, 9.27% by Univerzal a.d. Bijeljina, 8.26% by the Republika Srpska public investment fund (Akcijski fond Republike Srpske a.d. Banja Luka), 7.38% by TP Progres a.d. Bijeljina, 6.69% by a custody account at Nova Banka a.d. Banja Luka, 6.60% by Staubli Holzhäuser Vertriebs AG (in Zug, Switzerland; in liquidation), 5.56% by Bobar Group d.o.o. Bijeljina, 5.56% by Holding Drinatrans a.d. Zvornik, 4.95% by the Republika Srpska Restitution Fund (Fond za restitucije Republike Srpske a.d. Banja Luka), 3.63% by Bobar Osiguranje a.d. Bijeljina, and 19.20% by other shareholders.

Data on the bank at the website of the Banja Luka Stock Exchange (BLSE) including contact info, management info, ownership data, as well as company filings, announcements, and financial statements from 2003 onward:

In Serbian (Cyrillic alphabet):  Бобар банка а.д. Бијељина

In Serbian (Latin alphabet):  Bobar banka a.d. Bijeljina

In English:  Bobar banka a.d. Bijeljina

Quarterly/annual data on all banks in Republika Srpska at the website of the Banking Agency of Republika Srpska:

In Serbian:  Публикације

Financial statements at bank’s website:

In Serbian:  Annual and semi-annual financial statements according to domestic accounting standards, 2002-2013:  Finansijski izvještaji

Auditor:  BDO Ltd. (Друштво за консалтинг и ревизију „BDO“ д.о.о. Бања Лука)

Deposit insurance:  The bank has been a member of the Deposit Insurance Agency of Bosnia and Herzegovina since 2004.

Quality:  Since 2004 the bank has had ISO 9001 certification for its management system.  In February 2013 its certification for ISO 9001 : 2008 was renewed by TÜV NORD CERT GmbH.

SWIFT Code:  BATOBA22

YouTube channel:  BobarBanka (3 videos).

Lists of repossessed property for sale:  Stambeni prostori, Poslovni prostori, Zemljišta

Contact info:

Phone:  (+387) 55-233-300

Fax:      (+387) 55-233-302

E-mail:  office@bobarbanka.com

Web:  www.bobarbanka.com

Terms for retail term deposits (Oročena štednja) effective 15 February 2014:

EUR –  For amounts up to EUR 5,000:  1.00% a.p.r. for 1 month, 2.00% for 3 mos., 3.90% for 6 mos., 4.40% for 12 mos., 4.80% for 13 mos., 5.15% for 24 mos., 5.60% for 36 mos., 6.00% for 60 mos.

BAM –  For amounts up to BAM 10,000:  1.00% a.p.r. for 1 month, 2.00% for 3 mos., 3.90% for 6 mos., 4.40% for 12 mos., 4.80% for 13 mos., 5.15% for 24 mos., 5.60% for 36 mos., 6.00% for 60 mos.

Other currencies:  0.20% a.p.r. for 1 month, 0.50% for 3 mos., 0.70% for 6 mos., 0.90% for 12 mos., 1.00% for 13 mos., 1.20% for 24 mos., 1.70% for 36 mos., 1.90% for 60 mos.