EESTI ÜHISPANK

ANNOUNCEMENT

05.03.99    

 

ÜHISPANK LOWERS DEPOSIT INTEREST RATES

 

On Monday, March 8, in connection  with the changes in the state of

economy Eesti Ühispank  (Union Bank of Estonia) will lower interest

rates on most of deposits.

 

Starting from the next week  interests for 1 year deposit  in Estonian

kroons will be the following:

 

term deposit                                   10.25 per cent

operating account                               8.75 per cent

savings account                                 7.25 per cent

multi-account 

(current account + savings account + overdraft) 8.75 protsenti

 

Current account interest has also been lowered to 3 per cent.

 

Further information:

 

Margus Schults

vice president

Tel: +372 6 110 600