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Deposits
Union Banka receives all types of cash deposits from domestic and foreign legal entities, in accordance with legal regulations and acts of the Bank. The relations between depositors and the Bank are regulated by an agreement. The interest is set by the Decision on Interest Rates of Union Banka d.d. Sarajevo.
For 2010, interest rates on domestic and foreign deposits are:
| |
Per annum |
|
KM & EUR |
USD |
other |
1. Demand deposits in KM and foreign currency |
0,20% |
0,03% |
0,00% |
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Per annum |
2.
Term deposits in KM and foreign currency: |
KM & EUR |
USD & other |
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a) 3 - 6 months, including 6th month |
0,50% |
0,10% |
b) 6 - 9 months, including 9th month |
1,00% |
0,30% |
c) 9 - 12 months, including 12th month |
2,00% |
0,50% |
d) 12 - 18 months, including 18th month |
3,50% |
0,80% |
e) 18 - 24 months, including 24th month |
3,70% |
1,10% |
f) 24 - 36 months, including 36th month |
4,00% |
1,40% |
g) over 36 months |
4,50% |
1,80% |
The effective interest rate (EKS) is equal to the nominal interest rate if disbursement is made after expiration of making fixed-term deposits.
If the interest is paid prior to the expiry date of the fixed-term deposit (monthly, quarterly or half-yearly), the effective interest rate is higher than the nominal one.
THE EXAMPLE OF THE TERM DEPOSIT IN KM OR EUR FOR A PERIOD OF 12
MONTHS:
Nominal
interest rate |
Frequency of interest disbursement during the year |
1 |
2 |
3 |
4 |
2,00% |
1,50% |
1,51% |
1,51% |
1,51% |
For detailed information please call: 033-561-025, 561-049, E-mail: sred@unionban.com.ba or call the branch network telephones.
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