ABBANK Launches Gold Deposit Promotion Programme

From February 22, 2010, An Binh Commercial Joint Stock Bank (ABBANK) introduced the gold deposit product. Accordingly, when customers deposit SJC 99.99 gold bars at ABBANK, they will not only be offered attractive interest rate but also presented high-grade traveller backpacks.

 

The programme, which lasts from February 22, 2010 to March 31, 2010, is applied to customers depositing the precious metal at its exchange at 170 Hai Ba Trung Street, Dakao Ward, District 1 Ho Chi Minh City and its ABBANK Hanoi branch at 101 Lang Ha Street, Hanoi City. The minimum value valid for the programme is a tael of SJC gold with a maturity ranging between one month and 36 months.

 

With this product, customers can transfer their gold ownership when it has not reached maturity or authorise others to exercise transactions. The gold deposit can also function as a guarantee for depositors and third-parties to borrow money from ABBANK. Gold is insured by the Deposit of Vietnam (DIV).