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Finance 14/06/2010 Credit Standard Bank launches three deposit products
Credit Standard Bank launches three deposit products
Tashkent, Uzbekistan (UzDaily.com) -- Credit Standard open joint stock commercial bank launched three new deposits for individuals – Talim, Otpusk and Communal.

Talim (Education) was created for assisting consumers to get education. The bank said interest rates on this deposit are directed to payment of education at universities, colleges and courses.

Otpusk (Vacation) was developed for those, who want to increase their savings. The customers can open this deposit for three months.

Communal deposit helps customers to pay for communal services due to interest rates. The bank pays interest rates each month in this deposit.

Credit Standard Bank said interest rates set at 20% APR. The bank said these three deposits increase number of deposit products to nine in national currency and one in hard currency.

Victoria Pavlenko, head of department of money circulation and retail operations of the bank, said: “New deposits, launched by our bank, are directed at improving customer service and they allow customers to chose that deposit product, which suit them.”

Credit Standard open joint stock commercial bank was founded on 16 August 2003 with the charter capital of 1.3 billion soums. The headquarters of the bank was in Tashkent. The assets of the bank made up 259.1 billion soums as of 1 April 2010. The equity capital was 35.4 billion soums.

Credit Standard Bank is medium-size bank of Uzbekistan. The Banker named the Credit Standard Bank as the best bank in Uzbekistan in 2006. Global Finance acknowledged the bank as the best in the country in 2008, 2009 and 2010.

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