Mon, 10 February
2.1 C
Yerevan
USD: 396.41 RUB: 4.09 EUR: 409.45 GEL: 142.69 GBP: 492.02
spot_img

VTB Bank (Armenia) attracting new time deposits with monthly interest payment

YEREVAN, September 25. /ARKA/. VTB Bank (Armenia) has embarked on attracting from individuals ‘Beneficial’ and ‘Progress’ time deposits with the opportunity of monthly payment of interests, the bank’s press office reported on Monday.

According to the press release, annual interest rates are following: drams – up to 8.25%, US dollars – up to 2.4%, euros – up to 0.95% and Russian rubles – up to 4.5%.

The interests accumulated over one month are added to the deposits every month (30 days).

Deposits can be formalized for Armenia’s resident and nonresident individuals for the maximum term of 730 days.

If clients want, their interests can be sent to their international plastic Mastercard and Visa cards, which are provided to depositors as gift. Such depositors are exempted from paying service fees.

One can obtain additional information by visiting any of the bank’s branches or its website or by calling 87-87.

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. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

Fitch Ratings affirms ACBA Bank’s  Long-Term Foreign-Currency  Issuer Default Rating at ‘BB-‘ 

Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.

Armenian banks’ lending in 2024 exceeded 6.5 trillion drams

The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.

Euro exchange rate rises 0.64 points to AMD 411.8

The average market exchange rate of the U.S. dollar to the Armenian dram on February 7, 2025, totalled 396.76 drams, down 0.07 points compared to February 6.

LATEST NEWS

spot_imgspot_imgspot_img