Yerevan /Mediamax/.  “Cascade Bank” decreased the basic interest rate for commercial loans to 15% down from 18%.

As Mediamax was told in Marketing Department of “Cascade Bank”, for smaller loans up to 50,000 USD or Euro the rates are also reduced respectively from 24% to 20% and 22% to 18%.

For AMD deposit, interest rate of 15.5% per annum is established. Terms are updated for “Cascade” AMD deposit as well, according to which interest rate escalates every two months, and if the depositor chooses to withdraw the money early from “Cascade” program, he/she has the opportunity to preserve the interest earned.

Opportunities for holders of “cascade Bank” plastic cards are also expanded: from now on they can receive up to 50% discounts in 177 retail and service providers in Yerevan.