PICIC commercial bank declares PLS profit rates

PICIC Commercial Bank Limited has declared the following rates of profit on PLS deposits for the period of six months ended December 31, 2005:

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Type of deposits            % p.a.

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PLS Saving Bank Deposits      3.50

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Short Notice Deposits:

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7 days                        2.50

30 days                       3.00

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Term Deposit Receipt:

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1 month                       3.00

3 months                      4.50

6 months                      5.50

1 year                        6.50

2 years                       6.75

3 years                       7.25

4 years                       7.50

5 years                       8.00

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