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Finance 05/03/2012 Ipoteka-Bank offers depository certificates for legal entities
Ipoteka-Bank offers depository certificates for legal entities
Tashkent, Uzbekistan (UzDaily.com) -- Joint stock mortgage bank “Ipoteka-Bank” offers new depository certificates for legal entities, the bank’s press service said.

The bank said that the par value of the depository certificates is 50 million soums and interest rates set based on maturity term.

The interest rate for certificate with 370 maturity term is set at 6% APR, 547 days -7% APR, 730 days – 8% APR, 912 days – 9% APR and 1,095 days – 10% APR.

The bank said that the depository certificates are realized through Main operational department of Ipoteka-Bank.

In line with resolution of the Uzbek President from 28 July 2009, legal entities are exempted from income tax on received income, from investments directed to deposits and long-term securities of the commercial banks for over a year.

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