Saturday, April 19, 2014

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.