AVANGARD Bank Raises Its Interest Rate
On December 1, 2008, AVANGARD Bankwill raise its annual ruble credit card rate from 12 % up to 17 %. This measure is caused by the growing cost of the involved resources and higher refinancing rate of the Central Bank. The 50-day interest-free period is preserved. The ruble credit cardholders are offered free of charge credit cards of the same category in dollars or euros (at their choice). The ruble debts will be transferred to their new cards at the rate of the Central Bank without any commission.