VTB Bank (Armenia) Offers New Credit Cards With Grace Credit Period

YEREVAN, November 15. /ARKA/. On Monday, VTB Bank (Armenia) offered new products – Visa Classic Credit and Visa Gold Credit cards – to individuals, the bank’s press office reports.

“Visa Classic Credit and Visa Gold Credit cards constitute a new level allowing clients enjoy grace period of crediting,” the bank’s press release says.

Now users of this bank’s cards can use the credit line without paying interests for certain period of time.

“Credit cards of VTB Bank (Armenia) with grace period of crediting can be used not only as free credit, but also as handy and reliable means for carrying out everyday pays,” the bank says in its press release.

These credit cards are provided to everybody who has stable income.

Grace period is intended for personnel of those organizations accredited by the bank and all the individuals having accounts in VTB Bank (Armenia).

Artak Khachatryan, director of the bank’s retail business division, views this offer as first step toward modernization of card products.

He said that the bank finds development of card products strategically important.

The main advantage of the credit card of VTB Bank Armenia is grace period, but the three-day term set for consideration of a client’s application is important as well.

Loans are extended in any currency – AMD, USD, EUR, and RUR.
“Besides, a client also gets a chance to get extra three cards and enjoy discounts from 200 outlets,” Khachatryan said.

VTB Bank Armenia that is reckoned among leaders in Armenian banking system joined VTB Group in April 2004.

VTB Bank, the second biggest bank in Russia, holds 100% of shares of VTB Bank (Armenia).

Now VTB bank (Armenia) has 68 branches – the largest branch network in the country.-0—

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 13–19)

YEREVAN, July 20. /ARKA/. Key events of the past...

Converse Bank Named Armenia’s Best Digital Bank for Consumers by Euromoney

Converse Bank has been named Armenia’s Best Digital Bank for Consumers by the internationally renowned financial publication Euromoney

LATEST NEWS

spot_imgspot_imgspot_img