Home / Banking / Bank Republic Increased Interest Rate on Deposits in GEL
societe-generale

Bank Republic Increased Interest Rate on Deposits in GEL

Bank Republic changed the interest rate on deposits afresh, the rate is increased in GEL, while – declined in foreign currency.

Maximum interest rate on deposits converted in GEL is grown up to 10,75% instead of previous 6%.

However, the rate is declined from 3, 75 to 2,5% on the deposits placed in USD. Whereas in EUR –from 3,5% to 2%.

Converting despots are opened with amount of 500 (GEL/$/€)  and their transfer is available in any currency at any time.

It should be noted, that interest rate is increased on a child’s deposit denominated in GEL from 7% to 10%. Whereas, interest rate on currency deposits ($) is reduced from 5,25% to 4%.

According to the earlier amendments, (10/15) interest rate on 1-year deposit in GEL is grown from 6,75% to 11,5%, while increasing – from 6.25% to 10.5%.

Deposits of 700 million GEL of private individuals and legal entities are placed in the bank.