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Finance
23/02/2010
Ipoteka Bank continues to realize saving certificates
Ipoteka Bank continues to realize saving certificates
Tashkent, Uzbekistan (UzDaily.com) --
Ipoteka Bank joint stock commercial mortgage bank is continuing to trade new saving certificated among individuals, the bank said.
The par value of certificates is 100,000 soums each and maturity term is 180 days. Income of the certificates makes up 28% APR.
The bank said it realizes saving certificates through saving cash offices located in Tashkent city.
In line with the legislation, income of individuals, received from saving certificates are exempted from taxation.
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