Valid from 16th February, 2015

For the purpose of promoting the CNY business, the Bank provides following promotion deposit as effective of 16th February 2015 for Group Clients only. 

Minimum acceptable amount for deposit: CNY 450 000

* The present Announcement is valid for Group Clients. Our Bank considers the VIP individual client that is specified in our internal procedures to be a Group Client.

Panda deposit is only available at the branches and applicable on the client’s explicit request. Panda deposit shall be automatically renewed with accrued interest at the same rate for the same period, until the Panda deposit rate is revoked by the Bank. After revocation, the prevailing standard term deposit rate shall apply when such a deposit is renewed. 

The Bank will credit the deposit interest amount after deducting the interest tax and health contribution at maturity of the deposit. The Bank deducts and pays the interest tax based on the Act CXVII of 1995 on personal income tax and the health contribution on interest income earned from August 1, 2013 based on the Act LXVI of 1998 on health contribution.

Please note that CNY deposit products are not covered by OBA insurance.

The Bank reserves the right to change the interest rates immediately and without notice in case the change is based on the change of reference interest rates.

Other interests, conditions and terms not specified in the present Announcement are regulated by our General Business Rules.