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

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (April 20-26) 

The week in Armenia's financial market was marked by the publication of financial indicators for the banking sector, updated macroeconomic indicators, and signals regarding capital market development.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

LATEST NEWS

spot_imgspot_imgspot_img