Mon, 12 January
-3.9 C
Yerevan
USD: 381.21 RUB: 4.81 EUR: 443.92 GEL: 141.50 GBP: 511.13

VTB Bank (Armenia) offers special terms for new recurring deposits

YEREVAN, March 20. /ARKA/. VTB Bank (Armenia) is offering special terms to its clients who open recurring deposits, the bank’s press office reported.

From now on, clients will be getting a free Internet banking service while opening VTB-Targeted or VTB-Dram time deposit in VTB Bank (Armenia)

The Internet banking service will enable the clients replenishing their deposits and taking the advantage of some other services (remittances, payments against public utilities, loan repayments, applying for cards, and etc.) from home or the office, says the report.

Apart from this, a multi-currency Visa international card will be provided to deposit holders for free, says the bank.

According to the press office, VTB-Dram deposit can be opened at maximum 17% interest rate with an initial amount of at least 30,000 drams. Maximum rate is 16.25% and minimum initial amount is 10,000 drams for VTB-Targeted.

More details about the deposits are available on www.vtb.am.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia).

VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. It is reckoned to be among leaders for general indicators.

The bank’s assets totaled AMD 379.6 billion in late 2014 after growing 25.6% over the year, and liabilities were AMD 334.8 billion after growing 26.3%. Its capital grew by 20.2% to AMD 44.7 billion and loan portfolio by 11.6% to AMD 244.3 billion.

VTB Bank (Armenia) earned AMD 777.14 million in profits in 2014 against AMD 5.6 billion in 2013. ($1 – AMD 479.03). –0–

spot_img

POPULAR

Armenian banks tighten checks on Russian transactions

Banks in Armenia and Serbia have tightened checks on Russian transactions following Russia's inclusion on the EU's money laundering blacklist, RBC reports, citing lawyers and international business consultants.

 Financial capacity in Armenia has grown, exceeding targets: Central Bank head

Financial capacity in Armenia has increased, and the established national targets have not only been met but also exceeded, said Martin Galstyan, Chairman of the Central Bank of Armenia, during the presentation of the results of the 3rd national survey (barometer) "Assessment of Financial Capabilities of the Population of the Republic of Armenia."

Euro  falls against Armenian dram by 3.02 points

The average market exchange rate of the US dollar to the Armenian dram on January 5, 2026, increased by 0.19 points compared to December 30, 2025, to 381.55 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img