OREANDA-NEWS. December 12, 2007. Ukio bankas once again increased interest rates on time deposits for both business and private clients. Interest rates on universal and savings deposits also went up, reported the press-centre of Ukio bankas.

As of today, private and business clients having placed a deposit with Ukio bankas may earn up to 6,5 percent in interest in LTL, up to 6 percent in EUR, up to 5,5 percent in USD and up to 5,35 percent in annual interest in GBP.

Interest on deposits will be increased by another 0,1 percent for clients having placed their deposits using Ukio bankas Internet banking system Eta bankas. For instance, upon placing a deposit with Ukio bankas for the most popular term of 12 months in the litas, the annual interest reaches 6,1 percent, and upon placing a deposit via Eta bankas the interest is increased up to 6,2 percent.

“We are increasing interest rates on clients’ time deposits taking into account tendencies on the Lithuanian and international markets and seeking to create the most favourable saving conditions for our clients. Ukio bankas offers it clients not only higher interest rates but also the chance to win prizes of the Christmas offer”, – Balanda Bradulskiene, director of Ukio bankas Product Development Department, said.

Ukio bankas announced the Christmas offer to be valid until 20 January 2008 whereby the clients having placed a time, savings or universal deposit during the offer term may win monetary prizes. Those who place a deposit of at least LTL 5,000 for one-year or longer period are offered the chance to win LTL 500. Every week until 20 January 2008, the Bank will select 5 winners who will receive the money to payments cards with Ukio bankas. Already 10 lucky depositors of Ukio bankas have won these prizes.

During the first 9 months of 2007 Ukio bankas deposit and LC portfolio reached LTL 2.64 billion showing a 25 percent increase compared to the same period of the last year.