Thu, 4 September
19.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) offers new product to pensioners

YEREVAN, December 5. /ARKA/. VTB Bank (Armenia) offers a new product to pensioners – ‘The Credit Line for Pensioners’ at zero interest rate.

This is a credit line in drams, which is provided to clients’ pension card with no annual interest rate.

Clients have to pay only monthly service fee – 1.5% of the limit amount.

The credit line is provided for up to 18 months (with automated prolongation) to pensioners who have not turned 78 yet. The maximum size of the line is equal to their there monthly pensions.

Card service and cash withdrawal from VTB Bank (Armenia) ATMs and ACBA-CREDIT AGRICOLE BANK are free.

The loan repayment is designed on a simplified scheme allowing pensioners not to visit the bank for repayment.

To get detailed information one can call 8787.

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

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

Euro Jumps by 4.39 Points to AMD 447

The average market exchange rate of the US dollar to the Armenian dram as of August 28, 2025, increased by 0.72 points compared to August 27 and amounted to AMD 382.97.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

LATEST NEWS

spot_imgspot_imgspot_img