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February 9, 2023
BUSINESS

Alpha Bank launches deposit for SMEs

Alpha Bank Romania launched a deposit destined to small and medium-sized enterprises (SMEs), with a weekly payment of interest, which may amount to as much as 5.25 pc for RON, 2 pc for EUR and 1.75 pc for USD deposits, Mediafax informs. No minimum amount is needed to set up a deposit, and the interest rate does not vary throughout the term of the deposit, which may be of three, six, nine or 12 months. The interest rates for RON deposits are 5 pc in the case of a three month-deposit and 5.25 pc for the six, nine and 12 month-ones. As regards deposits in EUR, the interest rates are 1.75 pc for the three or six month-ones and 2 pc for nine and 12 month-deposits. Alpha Bank grants a 1.5 pc-interest on three month-USD deposits and a 1.75 pc-one for longer term deposits in the same currency.

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