Yelo Bank has introduced a new product, "Bright Victory," aimed at supporting the revival of Karabakh

In collaboration with the Karabakh Revival Fund (KRF), Yelo Bank is offering citizens the opportunity to invest in the "Bright Victory" deposit product.

The purpose of the "Bright Victory" deposit is to support initiatives aimed at the restoration and reconstruction of the liberated territories, as well as the transformation of Karabakh into a resilient economy and a strong region. Additionally, it aims to encourage an increase in donations transferred to the Fund.

With an annual interest rate of 10.5%, users earn 10% of the deposit, while the remaining 0.5% is transferred to the Fund with their consent. Depositors not only receive interest income but also have the opportunity to donate to the Karabakh Revival Fund.

The minimum deposit amount for this product is 100 AZN, with a duration of 1 year and no limit on the number of deposits. Interest in the deposit product can also be obtained through a free plastic card.At the end of the term, each depositor will receive a special "Donation Certificate" from Yelo Bank and the Karabakh Revival Fund.

It is worth noting that a Memorandum of Understanding was recently signed between the Association of Banks of Azerbaijan and the Karabakh Revival Fund, aiming to support initiatives for the restoration and reconstruction of the liberated territories, as well as the development of a resilient economy and prosperity in the region.

This collaboration also aims to encourage an increase in donations transferred to the KRF through the service networks, products, and other resources of banks, when possible. The Fund will continue to work closely with other banks to achieve the objectives outlined in the memorandum.