Alfa Bank to cancel extra fees for withdrawal of individual deposits

The Executive Board of Alfa Bank has decided to cut its extra fees for premature withdrawals of individual deposits starting next week, the press department of Alfa Bank reported. This decision is due to signs of the ceasing of the recent "withdrawal boom." The tariffs committee of the bank decided to impose 10-percent extra fees for premature withdrawals of individual deposits since July 7, 2004. These extra fees will be allocated for premiums to those customers (except extra expenditures for servicing the bank's offices), who decided not to withdraw their deposits.