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Banks profit rates

KARACHI: "Following banks have announced the following rates of profit on PLS deposits (per annum) for the half year ended December 31, 1999, says a press release.

MashreqBank

Rates %

Special notice deposits:

30 days or over 7.20

Saving bank deposits:

Saving Account (Regular) 8.75

Special Saving Account (Mashreq Horizon)

Deposit Amount

Rs 0.00 to 199,999 0.00

Rs 200,000 to 999,999 8.75

Rs 1,000,000 to 2,999,999 9.25

Rs 3,000,000 to 4,999,999 9.25

Rs 5,000,000 to 9,999,999 10.10

Rs 10,000,000 and above 11.10

Term deposits

1 month 9.50

3 months 10.00

6 months 10.70

1 year 11.50

2 years 12.20

3 years 13.80

5 years 15.10

Emirates Bank International

Notice deposits:

7 to 29 days 9.50

30 days and over 10.00

Emirates Xtra (upto) 10.60

Emirates Pakistani (upto) 11.50

Saving Accounts 9.50

Term deposits:

1 month 10.00

3 months 10.50

6 months 11.25

1 year to 5 years 11.75

Doha Bank Limited

Saving Account 11.00

PLS term deposits:

1 month 11.00

3 months 11.50

6 months 12.00

1 year 13.00

Doha 786 special short notice:

07 to 29 days 6.80

30 days and Over 7.80

Doha 786 savings account 14.20

Doha 786 term deposits:

1 month 11.00

3 months 11.50

6 months 12.00

1 year 13.00

2 years 13.50

3 years 14.00

4 years 14.50

5 years 15.00

Societe Generale

July 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99

7 to 29 days notice deposit 8.10 8.00 7.40 7.30

Saving Accounts 11.30 10.40 10.30 10.30 10.30 10.30

Term deposits:

1 month 11.50 10.50 10.50 10.50 10.50 10.50

2 months 12.20 11.00 11.00 11.00 11.00 11.00

3 months 12.70 11.70 11.70 11.70 11.70 11.70

4 months 12.80 11.80 11.80 - - -

5 months 12.90 11.90 11.90 11.91 11.90 11.90

6 months 13.00 12.00 12.00 12.00 12.00 12.00

1 year 13.50 12.50 12.50 12.50 12.50 12.50

5 years 17.50 16.10 15.90 15.90 15.90 15.90