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VTB Bank (Armenia) expands its phone banking service

YEREVAN, December 29. /ARKA/. VTB Bank (Armenia) has introduced its “phone banking” service for organizations and private entrepreneurs, having in mind the growing demand, says the bank’s press office.

The same service has been available to individuals for many years now, according to the report.

The service enables clients receiving information about their accounts and current terms while calling 87-87, as well as making transactions on the phone during working hours. In order to activate the service, customers need to file an application with the bank.

Legal entities and private entrepreneurs can receive information about the balance of all their accounts. Individuals can ask about account balance, transaction information, about transfers to the account, non-cash forex transactions between accounts, payments against public services, loan repayments, deposit account replenishment, and etc.

VTB Bank (Armenia) is a 100 percent subsidiary of Russian VTB Bank. It runs 67 branches across Armenia, more than any other local commercial banks.

As of the end of September 2014, the bank’s assets amounted to 306.4 billion drams (1.38% growth from the beginning of the year); liabilities were 260.8bln drams (1.58% decline), total capital 45.6bln drams (22.44% growth) and loan investments were 224.3 bln drams (2.53% growth). The third quarter profit of the bank was 870.8 million drams, a 78.3% decline compared to the same period of the year before. ($1 – 461.58 drams). -0-

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