Turon Bank proposes depository certificates

Tashkent, Uzbekistan (UzDaily.com) -- Turon Bank issued depository certificates with par value of 50 million soums and 100 million soums.

The bank said clients can place their free resources to depository certificate with maturity term of 8 months and 13 months. The interest rate set at 13% and 14% APR respectively. The par value of certificates is 50 million soums and 100 million soums.

The clients can also buy depository certificates with par value of 100 million soums with the maturity term of 36 months. The interest rate set at 15% APR.

Turon Bank said it will pay interests each month and guarantees timely and full repayment of the resources, spent to buy depositary certificates.

At the same time, enterprises, which bought depository certificates for over 12 months, not pay income tax to interest rates.