Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

VTB Bank (Armenia) unveils new type of deposit

YEREVAN, October 6. / ARKA /. VTB Bank (Armenia) said today it has introduced a new type of term deposit designed for individual customers, called ‘Comfort.’

According to the bank, the new deposit allows its clients to ‘easily and comfortably’ accumulate funds by replenishing the deposit or withdrawing money without losing the accrued interest.
According to a bank’s press release, the deposit is accepted in Armenian drams, US dollars, euros and Russian rubles. The maximum rate on deposits in Armenian drams is 7.5%. The minimum deposit amount is 100,000 drams or USD / EUR 300, or 10,000 Russian rubles.

“The main advantages of this deposit is that the client may replenish it any time or withdraw money.  While replenishing the deposit and moving to the next accrual gradation higher interest rate is applied. When placing a deposit in Armenian drams through “Internet Banking” system 0.25% is added to the standard rate. Partial preservation of interest upon early termination of the deposit in Armenian drams is made after 181 days “, according to the press release.

The deposit can be replenished via Internet Banking service and Telcell / Easy Pay terminals, located on the territory of Armenia. When placing a deposit the client is given a gift VISA or MasterCard card.
More information about this deposit is available at VTB Bank (Armenia) branches or at www.vtb.am. Information can be received also by calling 87 87.-0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

LATEST NEWS

spot_imgspot_imgspot_img