Tue, 13 May
16.1 C
Yerevan
USD: 388.86 RUB: 4.80 EUR: 430.74 GEL: 141.89 GBP: 511.04
spot_img

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

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q1 2025 increased by 32.4% to AMD 6.424 billion

The loan portfolio of the Armenian banking system, net of reserves, increased by 32.4% in the first quarter of 2025 compared to the same period last year, amounting to AMD 6.424 billion.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

LATEST NEWS

spot_imgspot_imgspot_img