YEREVAN, February 27. /ARKA/. ACBA-CREDIT AGRICOLE BANK announced Wednesday on roll-out of a new deposit –“Convertible.”

“The customers who wish to minimize their foreign exchange risks can now save their money via “Convertible” deposits,” according to the source.

“Convertible” depositors can deposit money in one currency and then earn on foreign exchange fluctuations. Moreover, they can convert their deposit into another currency any time they wish without losing their gained interests.

“Convertible” deposit is available for individuals, private entrepreneurs and legal entities.
The deposit valid period varies from 3 to 24 months. All interested parties can deposit and convert in the following currencies: AMD, USD, EUR and RUB. Conversion will be proceeded at the current exchange rate at the bank. Interest rates are the following : AMD-max up to 9%, USD-max up to 6%, EUR-max up to 4%, RUB-max up to 5%.

ACBA-CREDIT AGRICOLE BANK was founded in 1996. Its major shareholders are the French Credit Agricole SA (15.56%), SACAM International (12.44%), as well as unions of farmers in 10 regions of Armenia.-0-