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Finance 02/04/2012 Asaka Bank to place depository certificate for 15bn soums
Asaka Bank to place depository certificate for 15bn soums
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock commercial Asaka started to sell depository certificate for legal entities with total sum of 15 billion soums, the bank said in a statement.

The bank said that the interest on depository certificates set based on maturity term. The interest rate for certificates with 370 days of maturity term is set at 6.5% APR, 546 days – 7% APR, 728 days – 8% APR, 910 days – 9% APR and 1,092 days – 10%APR.

The depository certificates of Asaka Bank will be realized through headquarters and branches of the bank.

In line with resolution of the Uzbek President from 28 July 2009, legal entities are exempted from income tax on received income, from investments directed to deposits and long-term securities of the commercial banks for over a year.

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