July 13, 2002	Saturday	Jamadi-ul-Awwal 2, 1423

KARACHI, July 12: Deutsche Bank has announced 4.44 per cent profit on saving accounts for the half year ended on June 30, 2002.

The bank has announced 6.48 per cent profit on 7-29 day deposits and 6.20 per cent profit 30-day notice deposits.

Following are its fixed deposit rates: 5.35 per cent for two months; 6.69 per cent for three months; 5.94 per cent for four months; 6.48 per cent for six months and 8pc for one year.

IDBP: The Industrial Development Bank of Pakistan (IDBP) has announced 11 per cent return on saving accounts; 5.10 per cent on 7-29 day notice deposits and 6 per cent on 30-day notice deposits.

In fixed term deposits the bank has announced 10.5 per cent profit on one year; 11 per cent on two years; 12pc on three years; 12.75pc on four years and 13.50 per cent on five years.

The bank has also notified the for the general public the rates of profit paid on its tailor-made products that range between 12.25-14 per cent return on fixed term deposits of one year to five years with a minimum balance of Rs500 million.