Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Deposit Plus with retention of interest: New special offer from Byblos Bank Armenia

YEREVAN, July 6. /ARKA/. As part of its 15th anniversary campaign this year, Byblos Bank Armenia is introducing its 2nd special offer for term deposits, the Deposit Plus, giving customers the benefit of retaining interest even in the event of withdrawing the funds before maturity.

The new deposit scheme minimizes the risk of losing interest when withdrawing funds prematurely.

In particular, customers can fix a deposit for a period of 24 months and at an interest rate of 10.5% (֏)|4.5% ($)|2.5% (€), and in case of termination from the 7th month onwards, the accrued interest will be recalculated to a higher rate of 10% (֏)|4 % ($)|2% (€) interest rate.

Customers can book a deposit at any of Byblos Bank Armenia branches, while submitting an application can be performed online as well.

The offer is valid until September 30. Further details can be found on the Bank’s official website.

Byblos Bank Armenia CJSC is celebrating its 15th anniversary this year and will introduce a number of proposals and initiatives throughout the year.

The Bank was founded and opened the doors of its first branch in December 2007. Today, the Bank has four branches in Yerevan where customers access various banking services and receive financial advice. The Bank provides its customers corporate-retail banking services that meet the highest international standards.

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img