Šiaulių Bankas increases interest for Time and Accumulative Deposits


Šiaulių bankas AB, a partner for small and medium-sized business, increases its interest for Time and Accumulative deposits in litas, euros and USA dollars. The interest is increased from 0,1 to 0,3 percentage point for time and accumulative deposits up to one year depending on a deposit term.

“The increase of deposit interest is influenced by the market changes towards interest rate increase. Making this step the Bank’s Board took into consideration the needs of existing and prospective clients, “ – stated Donatas Savickas, the Head of Finance and Credit Division of Šiaulių bankas.

At the moment amount of deposits with Šiaulių bankas reaches LTL 950,6 million, 56% of which is comprised by individuals’ funds. During 9 months of this year deposits have increased by 33 per cent. The increased interest for Time and Accumulative deposits comes in force from October 12.

This year Šiaulių bankas plans to earn LTL 12 million in net profit, i.e. by 48,1% more than in 2005. During 9 months of this year the Bank has already earned LTL 11,623 million of not audited net profit.

Daiva Grikšienė
Head of Marketing and Public Relations Department
Tel.: (+370) 420 564, 8 615 615 15