YEREVAN, May 7. /ARKA/. CJSC offers a new deposit product – Classic-Plus time deposit without contract prolongation and amount enlargement possibility to individuals, the bank's press office reported on Thursday.

According to the report, Classic-Plus deposit is accepted in drams for 30, 60, 90 and 180 days. The bank promises 12%, 13%, 14% and 16-17% interest rates (on special conditions) depending on the term of the deposit, and interests are paid by the end of the term.

The minimum size of the deposit is 100,000. Individuals may deposit their money to their own account, on behalf of another individual on the basis of the power of attorney and for the third entity. Deposits are being accepted until May 19, 2015.

Areximbank-Gazprombank Group CJSC was established in 1998. The bank is a subsidiary of Russia's Gazprombank OJSC.

The bank's assets totaled AMD 107.3 billion by late March 2015 after shrinking 3.53% since the beginning of the year and liabilities contracted by 14.18% to AMD 81.7 billion.

Its loan portfolio amounted to AMD 67.5 billion (3.1% decline), capital to AMD 25.5 billion (60% growth) and authorized capital AMD 25.8 billion (57.3% growth).

The bank's profit for the first quarter of this year amounted to AMD 156.8 million against the AMD 289 million gained over the same period a year before. ($1 – AMD 480.96). --0--