According to the bank’s data, the par values of certificates make up 1 million soums, 10 million soums, 100 million soums, 500 million soums and 1 billion soums.

The profitability of certificate is based on its maturity term. Profitability of deposit certificates with maturity term of 180-360 days set at 50% of refinancing rate of Central Bank of Uzbekistan (currently 12% APR) plus 1%.

Alokabank set interest rate on certificates with maturity term of 361-540 days at the rate of 50% of refinancing rate of Central Bank of Uzbekistan plus 2%.

Profitability of deposit certificates with maturity term of 541-720 days set at 50% of refinancing rate of Central Bank of Uzbekistan plus 3%.

The bank said that it is selling depository certificates through its headquarters and all branches of Alokabank.