Interests for EUR savings to 8%

Also this autumn on the occasion of the international savings day, Banca Intesa, as the leading one on the local market in terms of total deposits’ amount, has been offering stimulating conditions, along with increased interest rates up to 8% in all EUR deposits, irrespective of amount and term period. Both domestic and foreign individuals are enabled to save under these conditions. During the saving month, within the campaign that will last until November 30, 2008, Banca Intesa has provided especially favorable interests for short termed investments, which our citizens mostly decide for.

Namely, all investing in euros for three-month-terming period, irrespective of the investment amount, will have 6 % interest rate, and for the six-month-period, interest rate amounts to 6,5%. For savers deposing the investments, in any amount, deposit for time period of one year or longer, interest rate amounting to 7, 5 % is enabled, whereas, interest rates for investments amounting to EUR 25.000,00 reaches 8%. As an additional privilege, Banca Intesa offers possibility of buying euro according to the most favorable exchange rate.

‘’Current conditions on financial markets imply restraint and saving as the best manner to contribute strengthening of economic stability. Banking sector in Serbia is highly capitalized, reserves of bank with the NBS are high and there is no fear regarding deposit safety. Apart from the fact that it is element of stability for each financial system, citizens’ saving is presently also very profitable, and conditions for terming funds in both RSD and FX are exceptionally favorable; therefore, we invite our citizens to safeguard their savings. Considering the fact that BIB considers savings as a strategic product, we prepared special privileges also this year on the occasion of the saving holiday, along with favorable interests approximately amounting to 8%’’, says Mr. Dejan Tešić, a member of teh Executive Board of Banca Intesa.

Banca Intesa is leading on the domestic market with total retail investements which at the end of September reached the amount of EUR 916 million and market share amounting to 15,3%. Starting from the beginning of this year, deposist are increased for EUR 143 million, respectively 19%.