The bank said that from 21 February it launched new line of deposits for individuals – Bahor. The depositors can place their resources for six and twelve months, it added.

Individuals can open deposit in cash or with wire transfer. Resources are accepted from 1 March to 30 April 2011. Its type is term deposit. The size of deposit is not limited. Interest rates paid each month without capitalization. The deposit size can be increased with submitting additional resources.

As earlier reported, Universalbank will offer at least 1-2 types of new deposits for population based on their demands and interests. The bank believes that this will increase attraction of resources of population.

New deposit is offered within wide-scale restructuring of the bank in order to provide full banking services to retail clients.

Currently, Universalbank offers 19 types of deposits for individuals in national currency and three in hard currency.

Universalbank is member of the Fund of Deposits Guaranteeing, which ensures 100% repayment of deposits by the Government. The bank fully formed its charter capital in December 2010 to meet requirements of the Central Bank of Uzbekistan.