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

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 18, 2026, compared to September 17, to 363.44 drams.

IDBank, Visa, and Wizz Air Launch New Travel Privileges in Armenia

IDBank is the first in the CIS and Southeastern Europe to introduce the new Visa Wizz Air Platinum co-branded travel card.

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

LATEST NEWS

spot_imgspot_imgspot_img