SBS-AGRO Depositors Given A Choice

The management of SBS-AGRO's local branch has offered depositors a choice between transferring deposits to the Russian Savings Bank, Sberbank, and re-depositing funds for a period of at least six months for rouble accounts, and a year for currency deposit

<BR>The management of SBS-AGRO's local branch has offered depositors a choice between transferring deposits to the Russian Savings Bank, Sberbank, and re-depositing funds for a period of at least six months for rouble accounts, and a year for currency deposits. <BR>The bank says that, so far, no customers are choosing to transfer money to Sberbank. Andrei Dubrovin, SBS-AGRO's director for the northwest, said of currency accounts that "temporarily, 1000 roubles can be withdrawn from the accounts each day. We are ready to renew payments on plastic cards and wage payments as soon as the Central bank removes its 'blockade'".