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

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img