YEREVAN, January 23. / ARKA /. VTB Bank (Armenia) said today it has become the only bank in Armenia so far to have joined a new system of remittances called BEST.
The bank said BEST has a wide network of service points (22,000 points) both in Russia and other CIS countries. Remittances are accepted in Russian rubles, US dollars and euros. The commission starts with 1%. Remittances become available to receivers within one minute.
The maximum amount of a remittance is 590,000 rubles or the equivalent in US dollars or euros. Three money transfer transactions a day are allowed.
The customers can also get money transfers without visiting the bank by using VTB Transfer service: they need to active this service on their VTB Bank (Armenia) card or purchase a special card VTB Transfer, call 87-87 , tell the code word and the amount will be transferred to their card in real time mode.
VTB Bank (Armenia) is owned by Russian VTB Group. It runs 67 branches across Armenia.
The bank’s assets grew by 25.6% last year to 379.6 billion drams; its liabilities grew by 26.3 percent to 334.8 billion drams; the capital grew by 20 percent to 44.7 billion drams; its credit investments grew by 11.6 percent to 244.3 billion drams . In 2014 the bank earned 777.14 million drams in profit, down from a profit of 5.6 billion drams earned in 2013. ($ 1 – 471.02 drams). -0-
