17 July 200812:03

SKB-Bank launches new interest rates on deposits prior to Bank of Russia’s decision

‘SKB-Bank introduced some new interest rates on deposits even before the Central Bank raised the refinancing rate,’ SKB-Bank’s Deposit Operations Director Denis Belogurov said to UrBC.

The Bank of Russia increased the annual refinancing rate from 10.75% to 11% on July 11, 2008.

‘SKB-Bank raised the interest rate it offers on the Gold Standard deposit by 1% on July 1, 2008. In addition, the interest rate offered on World Standard, the bank’s most popular deposit, is to go up 1% and thus to reach 14.5% a year on August 1, 2008. This figure offsets even the most pessimistic inflation forecasts for the year 2008,’ Belogurov explained.

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SKB-Bank raises its Gold Standard effective interest rate

SKB-Bank decided to celebrate its eighth anniversary by raising the effective interest rate offered on its Gold Standard deposit. ‘Even though banks have been lowering their interest rates on deposits lately, SKB-Bank decided to go for the opposite, since we are trying to remain a client-friendly business. I believe this ‘gift’ is going to make our customers quite happy; a bank deposit, after all, is still the most reliable way of both safekeeping your money and making it bring you some income,’ SKB-Bank’s Deposits Director Denis Belogurov observes. ‘As a matter of fact, this is not the only

01 August 200819:38

SKB-Bank raises interest rates on ruble deposits on August 1, 2008

SKB-Bank is to raise the interest rates it offers on its ruble deposit types by 1% (compared with June 30, 2008) on August 1, 2008. The bank’s Deposit Operations Director Denis Belogurov says this new offer involves their World Standard and Gold Standard deposit schemes. ‘The summer season is coming to an end, and people usually get more active business-wise around this time of the year. This is why we decided to raise the interest rates, reacting partly to ongoing inflation rate growth and trying to keep to our levelheaded interest-setting policy at the same time. SKB-Bank last went through

23 November 200719:38

SKB-Bank reports its Gold Standard deposit grows more profitable

SKB-Bank has come up with new and more attractive deposit offers for its customers. You can now get the annual interest rates of 11%, 12.25%, and 12.75% over six months, one year, and three years, respectively, on the bank’s Gold Standard deposit. The lower limit on a deposit was determined at 100,000 RUR, but the more money you deposit, the higher the interest rate goes. And there is the advantage of a monthly capitalization of interest into the bargain. 'This deposit’s popularity stems not only from its obvious profitability but also from the fact that we offer our customers Visa Gold

05 October 200719:38

SKB-Bank raises deposit interest rates on its birthday

SKB-Bank decided to celebrate the company’s birthday with a whole range of pleasant surprises for its customers. The bank’s anniversary at the beginning of November will probably be remembered for special offers on deposits, namely, increased interest rates. SKB-Bank’s customers could enjoy better deposit yields from mid-September if their money was in Gold Standard deposit, since the effective interest rate reached 14.37%. The interest on the World Standard deposit came to 13.8% on October 1, 2007. ‘Even though banks have been lowering their interest rates on deposits lately, SKB-Bank

15 January 200919:38

Income taxation on forex deposits to remain the same, SKB-Bank says

The income taxation mechanism for ruble deposits was changed on January 1, 2009. Most of the interest rates offered on ruble deposits won’t be liable to taxation any longer and the income tax would only be charged if the annual interest rate on the deposit exceeds the Bank of Russia’s refinancing rate by 5%. As for the refinancing rate, this comes to 13% at the moment, so any ruble deposit with annual interest rate of less than 18% isn’t to be taxed at all. ‘At the same time, the income taxation mechanisms for foreign currency deposits will remain the same. As for the ruble ones, the