Loan specialists Baltic Investment Group Bank (BIG) has expanded its product portfolio and launched, as an addition service for its clients, short-term deposits with an interest rate of up to 4% per annum.

BIG's short-term deposit period is between one and three years and the minimum deposit amount is 5000 kroons.

Targo Raus, Chairman of the Board, said that the best sales argument for BIG deposits is their interest rates, which in comparison with those offered by other banks produce much higher returns. "BIG is already offering between 3.4% and 4% interest on deposits. We're offering the maximum 4% interest on short-term deposits of amounts starting from 5000 kroons with a deposit period of three years and interest being paid out at the end of that period," Raus explained. He confirmed, however, that BIG's main area of activity will remain retail loans.

BIG's short-term deposit interest rate depends on length of the deposit period and the procedure agreed upon for the interest payments. Clients can choose between monthly payments, annual payments or a lump sum payout of the interest amount at the end of the deposit period.

Short-term deposit contracts can be arranged at any BIG branch throughout Estonia.

The Baltic Investment Group Bank (BIG), which received its credit institution licence last year, is Estonia's youngest bank, and is the largest specialist lender to private clients in the Baltic States after universal banks and leasing companies. BIG's goal is to provide both private and business clients with fast, attentive and flexible financial services. BIG's debt securities are listed on the Tallinn Stock Exchange.

BIG currently has 11 branches throughout Estonia.

Additional information:
Targo Raus
Chairman of the Board
Tel.: 630 9938
E-mail: targo.raus@big.ee