VTB Bank (Armenia) offers higher rates for some deposits

YEREVAN, October 31. /ARKA/. VTB Bank (Armenia) has unveiled today a special offer for depositors designed to coincide with the World Savings Day.

The Russian-owned bank said in a press release that from October 31 to November 2, the bank’s clients will be able to formalize “Favorable” and “Progressive” deposits in drams at a 5% increased interest rate.
The interest rate for another deposit called “Autumn Savings” in drams will be up to 10%.

Deposits “Profitable” and “Progressive” are designed for individuals, residents and non-residents of Armenia for a maximum term of 730 days. Customers who formalize these deposits are provided with VISA or MasterCard plastic card as a gift.

Detailed information about the terms of the special offer for depositors can be found in the branches of VTB Bank (Armenia), on its website, and also by calling 87-87.

The World Savings Day was established on October 31, 1924, during the 1st International Savings Banks (World Society of Savings Banks) in Italy.

VTB Bank (Armenia) is entirely owned by Russian VTB Group. It runs 67 branches across Armenia.-0-

spot_img

POPULAR

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img