Prishtina, May 30, 2008 – One more novelty from ProCredit Bank, the number one bank in Kosovo. This time, ProCredit Bank has raised yearly interest rates for savings accounts from 2% to 2.5%, which is the highest savings interest rate in banking sector in Kosovo.
Despite that, interest rates have shown an evident raise on other savings service as well as at time deposit accounts. This summer season ProCredit Bank presents a special offer for all its clients that have decided to deposit their savings in time deposit accounts. Until August 31st, all those who deposit their money in time deposit accounts at ProCredit Bank are offered an extra interest rate of 0.3% on top of the actual interest rates.
“Relying on its strategy ProCredit Bank has continually modified its terms of banking services and products, based on its clients needs. This is a part of our politics, so to raise efforts in promoting the savings culture, no matter the amount of money saved, because we at ProCredit Bank believe that such a fact will bring financial stability and will generate a raise of the economy of our country” says Florin Lila, Deputy CEO at ProCredit Bank.
Further, Mr. Lila explains that clients’ deposits at ProCredit Bank have reached the amount of 500 million Euros, a fact that certifies clients’ trust on the number one bank in Kosova as well as confirms the leader position on deposits with an amount of 42% of the total deposits of the banking system in Kosova.
Nevertheless, savings account is an account that brings interest on the money deposited at ProCredit Bank. Besides earning interest from this account, at the same time, clients earn flexibility as well, because they can withdraw their money anytime at our bank premises, without loosing the interest earned for the period the money stayed at the bank. The interest is calculated on daily bases and it is credited on the clients’ account once a year, at the end of December.
ProCredit Bank also offers the possibility of saving in an automatic way, to be more precise, by transferring funds from current account to the savings account, in a way the client has planned, and on the date defined by the client.
On the other hand, time deposit account offers favorable interest rates, depending on the amount of the money deposited and the duration of the contract. The longer the savings period the higher the interest rate. Time deposit account is offered not only in Euros but also in USD and CHF.
Otherwise, ProCredit Bank has 53 branches operating all over Kosova, it has established more than 2 000 POS terminals at shops (selling points) , while the number of ATM’s has reached to 90 all over Kosova, in order to enable clients to have Access on their money 24h a day 7 days a week.
Last year, same as the seven previous years ProCredit Bank has been honored as “The best bank in Kosovo for 2007” by the well-known British magazine Finance Central Europe.
