Piraeus Bank is now offering two new guaranteed capital products from the successful product range 'PIRAEUS DIAMONDS' in an effort to cover the needs of depositors / investors looking for alternative placement solutions. The products being released now are also aimed at customers who have deposits in US Dollars wishing to benefit from the high possible return that may be achieved by the FTSE/ASE-20 index without them needing to convert their capital into Euro.
The new 'PIRAEUS DIAMONDS' products are a special form of time deposit which provide a 100% guarantee of the initial capital upon maturity and the possibility of returns greater than traditional time deposits thanks to the products being linked to the performance of the FTSE/ASE-20 index.
Customers can register for this new product from 1st December to 12th December 2003 (on a first come first served basis) at any branch of Piraeus Bank. The features of these new products are listed below:
"DIAMOND FTSE Increase V" & "Diamond FTSE USD II Increase"
These are time deposit products in Euro or USD whose final return is linked to the performance of the FTSE/ASE-20 index.
Monies are deposited for 5 months starting on 15/12/2003 and mature on 17/05/2004. The minimum deposit is € 10,000 or $ 10,000 respectively.
Investor returns (on an annual basis) are:
a) 4.50% (for Euro deposits) or 2.20% (for USD deposits) if at maturity the FTSE/ASE-20 index has risen at least 5% compared to its value when the deposit was made.
b) In all other events, the investor receives the initial capital only.
All interest is paid upon maturity of the investment.
For detailed information about products contact any branch of Piraeus Bank or visit the Bank's website: www.piraeusbank.gr