Parex banka begins 2009 with an increase in term deposits


In the first week of 2009 Parex banka has concluded more than a thousand new
term deposit agreements; thus, the total amount of deposits at the Bank has
considerably increased. Private individuals have been especially active in
terms of depositing their funds at the Bank and the volume of deposits in this
particular segment has shown a daily growth. 

Since the indicator of depositors at Parex banka is solid in both the resident
and non-resident segments, it is possible to assert that the latest activities
of the Bank not only have motivated its existing and loyal clients, but also
have succeeded to attract new clients. 

The interest of clients is closely related to the term deposit interest rates
offered by Parex banka, which for a one-year deposit in Lats now stands at
12,5%, EUR - 8,1%, but USD - 6,8%.