OREANDA-NEWS. February 16, 2010. BTA Bank to cut maximum interest rates for deposits of individuals. The correction shall cover the whole line of term deposits in rubles, reported the press-centre of BTA Bank.   

Rates will be decreased 1.5 percentage points across the whole line of the Bank’s ruble deposits. This measure is caused by the change of the market situation, which suggests general decrease of the level of ruble rates for deposits of individuals, and successful raisings in previous months, which lowered the need by the Bank in term deposits of individuals.

As of January 31, 2010, the number of opened term deposits with BTA Bank totals 33.7 ths. The term loan portfolio as of the above date totals RUB 8.3 bln. The growth rate of term deposits, attracted as of the same date of the last year, is 41%.

The Narodny+ (People’s), deposit is the best-selling one, which was included into the deposit line in November, 2009. The share of that deposit, according to the data as of February 1, 2010, comes to 57.6% of all deposits opened with the Bank.