VTB bank (Armenia) depositors can get interest when making up contracts

YEREVAN, May 11. /ARKA/. VTB Bank (Armenia) said today that those of its customers who will open Profitable and Progressive deposit account with at least 12-month term will get the interest amount right after formalizing the contract.

The Russian-owned bank said it accepts deposits in Armenian drams at market rates. In particular, the Profitable deposit (without the right to replenish it and use the money during the term) offers 9.75% interest yield, the Progressive deposit offers 9.3% yield. The bank said this offer is effective until May 25.

The offer is for individual customers, both residents and non-residents. When opening a deposit account, the bank provides customers with free MasterCard for the entire term of the deposit.

Also, at the time of opening the deposit and for the entire term of its validity, the depositor has the opportunity to obtain a loan on favorable terms secured by his deposit.

Detailed information about the offer can be obtained at the branches of VTB Bank (Armenia), on its website, or by calling 87-87.

VTB Bank (Armenia) CJSC became a part of the VTB international financial group in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). It runs 67 branches in the country. -0

spot_img

POPULAR

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img