Today, Wednesday, Sberbank announced the launch of a new product for its customers in UAE dirhams, as it began receiving deposits in the UAE currency, with an annual interest rate of up to a maximum of 2.02%.
The largest Russian bank said in a statement today: “As of May 24, Sberbank launched a new deposit in Emirati dirhams. The maximum annual interest will be 2.02% annually, and interest income depends on the amount and term of the deposit.”
Funds can be deposited in AED for 1, 3, 6 or 12 months, the interest is calculated on a monthly basis and the minimum amount is AED 5,000.
“I believe that our new deposits in dirhams will attract Russians,” said Sergey Shirokov, Director of the Borrowing and Savings Department. Over the past year, we have seen a process of abandoning the dollar and increasing demand for alternative currencies. People are looking for new tools to save money. Our customers can already open savings accounts in dirhams, buy or sell cash currencies in the UAE, and now we offer deposits in dirhams as part of our interest in providing clients with the best conditions for portfolio diversification.”
($1 = 3.673 UAE dirhams).
This article was originally published by RT.
