The bank said that it launches new line of deposit product Siyaniye from 15 June 2011 for its clients and population of Uzbekistan.

The depositors can put their resources to the deposit from three to 12 months, the bank’s statement said.

The bank said deposits are accepted in US dollars and euros. The minimum size of deposit is US$500 or 500 euros. The maximum size is not limited. The interest rates are paid in hard currency each month without capitalization.

As earlier reported, Universalbank will offer at least 1-2 types of new deposits for population based on their demands and interests. The bank believes that this will increase attraction of resources of population.

New deposit is offered within wide-scale restructuring of the bank in order to provide full banking services to retail clients.

Currently, Universalbank offers 27 types of deposits for individuals in national currency and hard currency.

Universalbank is member of the Fund of Deposits Guaranteeing, which ensures 100% repayment of deposits by the Government. The bank fully formed its charter capital in December 2010 to meet requirements of the Central Bank of Uzbekistan.