The bank said that it launched new deposit on 20 March on the eve of Navruz, marked on 21 March. The bank said that depositors can put their money to Navruz-2011 deposit for 3, 6 and 12 months.

The clients can put money in cash and cashless form. The deposits will be excepted from 20 March to 31 March 2011. The preliminary fee is unlimited. The interests are paid each month, but they are not capitalized. The deposit volume can be increased.

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 20 types of deposits for individuals in national currency and three in 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.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank. The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients. As of 1 January 2011, the assets of the bank reached 33.8 billion soums.