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Bank Finam “in December increased its portfolio of deposits of legal entities by 177%

Feb 14th, 2010 | By admin | Category: Company News

Following the December 2009 Joint-Stock Company "Bank" Finam "(part of the investment holding company" Finam ") increased its portfolio of borrowed funds on 49,3% - to 1,4 billion rubles. The largest increase showed deposits of legal persons, which grew at 436 million rubles, an increase of 177.6%. This pattern is due to high interest in new products the bank "Finam" for corporate clients, in particular, to overnight deposits ".

best selling products of bank "Finam" in December, became overnight deposits offered by entities in the second half of 2009. This contribution is specifically designed for placement of free funds in rubles for a period of 1 to 30 days. Interest rate on deposits is set each day, responding to the real situation on the interbank market.

The obvious advantage of the product for corporate customers is the ability to earn income in the "non-working" time. Legal persons cooperating with the bank, took advantage of this for the placement of funds in the pre-New Year period and New Year holidays. Thus in January 2010 a high interest in overnight deposits, bank "Finam" preserved. For example, due to the fact that legal persons have the opportunity to place their spare funds on Friday, received them on Monday with the already assessed three days interest.

"We are constantly reviewing the needs of the market and create interest for potential clients products. Thus, in this case, emphasis was placed on a convenient schedule for admission and return of money, as well as transparent and market-based interest rate. This allows corporate clients to maximize use of available funds, while giving us the opportunity to increase the deposit portfolio. We began to actively promote the "Overnight" in the fourth quarter, in December received tangible results. I am confident that a good speaker to continue in 2010, "- said the director of department on work with entities Bank Finam Eugene Pikalov.

company "Finam Investment Bank" started its activities in 1994 under the name Bank "Megawatt-Bank. In 2004 the bank became part of the investment holding company "Finam", which has greatly expanded its capabilities and, accordingly, the list of services. In October 2005, the bank included in the register of banks participating in the deposit insurance system. Currently the bank operates in 17 cities of Russia.

Department of Public Relations and Media Investment Holding Finam.
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