Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Bank VTB (Armenia) announces two more deposits for corporate customers

YEREVAN, January 18. /ARKA/. The Russian-owned Bank VTB (Armenia) has announced two new types of deposits for its corporate clients – VTB-Express and VTB-Express + with the possibility of receiving interests at the beginning of the term. The bank said in a press release that the fixed income on the deposit can be obtained on the day of the contract. At the same time, VTB-Express + deposit gives also an opportunity to replenish the deposit account.

In addition, Bank VTB (Armenia) offers its corporate customers a range of classical deposits, when customers themselves decide the most convenient way of receiving interests –either on a monthly basis or at the end of deposit term , with or without the right to replenish or withdraw money from the account.

“The bank offers a variety of deposit products for businesses, and now the list is added with new, comfortable terms for our customers. Thus, we have further extended the range of services offered to corporate customers,” bank CEO, Valery Ovsyannikov, is quoted as saying.

He says the bank is always ready to cooperate with customers offering the most favorable transaction terms, additional options and a good income.

The bank’s portfolio of corporate deposits grew by 60% last year. Bank VTB (Armenia) is fully owned by Russian VTB Group. It has the largest chain of branches in Armenia – 68. -0-

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img