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

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Acba Bank and Bank of New York Mellon launch partnership

Armenian Acba Bank is expanding its international partner network by partnering with one of the world's most respected financial institutions, The Bank of New York Mellon, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img