OREANDA-NEWS. May 26, 2010. Bank Respublika held another round of the monthly prize draw among depositors. As a result 6 bank depositors have won gold bars. Gold bars are drawn within a campaign launched last month and lasting until December 15, 2010. According to the rules of a new prize draw, Bank Respublika monthly draws two 20 gr gold bars and five 10 gr gold bars of pure gold (999.9), reported the press-centre of Bank Respublika.

Any customer who has held a deposit of at least AZN/USD/EUR 1,000 at Bank Respublika for at least 12 months is eligible for the draw. Every deposit of AZN/USD/EUR 1,000 is valid for one entry each month. According to the rules, deposits held by Bank officials and shareholders are not eligible for entry into the draw.

Depending on the amount and duration of the deposit, Bank Respublika customers may also receive free MasterCard and VISA cards with an interest-free credit line for up to 45 days, use the Home Banking and MobilBank service, to get a free access to a bank safe, and obtain medical insurance and preferential loans at the Bank’s expense. The Bank imposes no limits on the amount of a deposit and allows customers to choose the terms and conditions.

The Bank is a member of the Deposit Insurance Foundation, which was established under the Act on deposit insurance. Deposits placed in Bank Respublika are insured in accordance with the terms and provisions of the Foundation.

Bank Respublika started its operations in 1992 and is now one of the leading banks of Azerbaijan. The Bank's shareholders include 2 of Germany's largest financial organizations – DEG, a member of the KfW banking group, and SIDT, a member of Sparkassen-Finanzgruppe, which hold a package of 25% + 1 share in the bank.