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Bank Republic Decreased Yield on Foreign Currency Deposits

Bank Republic Decreased Yield on Foreign Currency Deposits

Bank Republic announced about the following change on foreign currency deposits.

The bank reduced interest rate on foreign currency deposits. Yield of 1-year deposit in USD has been determined by 3,7% instead of 4%, EUR – has declined from 3% to 2,3%. 11% is sustained on the deposits in GEL.

Changes did not apply to the demand deposits in local currency, while declined – in USD and EUR. USD – unchanged balance – 1,5%; changed – 0,5% (2% and 1%); EUR – unchanged balance – 0,8%, changed – 0,3% (2,1%; 1,5%).