Sat, Nov 21 2009

Bulgarian banks enter next round of savings battle

Thu, Nov 06 2008 11:09 CET bydnevnik.bg 130 Views

Bulgarian banks advanced to a new round in their cutthroat fight for attracting fresh cash from savers.

New deposit offers came out from the market's top players Postbank, UniCredit Bulbank, DSK Bank and Raiffeisenbank.

A bunch of other lenders have ongoing juicy deposit promotions including UBB, First Investment Bank, EIBank, and Allianz Bank Bulgaria.

Annual rates on three-month local currency deposits have climbed to 6-7.5 per cent, to eight per cent on four-month deposits and 8.5-9 per cent on six-month products.

Euro-denominated deposits come with lower rates because it is the lev that Bulgarian banks are most starved for.

Source: Dnevnik.bg

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