Cumulative deposit on flexible terms: Byblos Bank Armenia’s new offer

YEREVAN, July 1. /ARKA/. Byblos Bank Armenia introduced a special cumulative deposit offer aimed at fostering dynamic growth of funds, the bank announced on Monday.

Once the deposit is fixed, it can be topped up at any time (except during the three months prior to maturity), and interest will be accrued quarterly.

Deposits starting from AMD 500,000 | $1,000 | €1,000 and above are accepted, offering competitive interest rates and access to an overdraft facility.

Customers booking a deposit as part of the offer will receive a 50% discount on the rental of safe deposit boxes.

Deposits can be fixed at any branch of Byblos Bank Armenia, while applications can be submitted online as well.

The offer is valid until December 31. Detailed information can be obtained on the Bank’s official website.

spot_img

POPULAR

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.

Euro, dollar, and ruble exchange rates fell against the Armenian dram, according to the Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, decreased by 0.06 points to 360.34 drams on November 6, 2026, compared to November 5.

IDBank has issued perpetual coupon bonds for the first time

On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms.

Freedom Broker Armenia Director Expects Pause in Central Bank Rate Hike, but Points to Conditions for Further Increases (EXCLUSIVE)

The Central Bank of Armenia's further decisions on the refinancing rate will depend on inflation dynamics and its structure, according to Freedom Broker Armenia Director Hovak Hovakimyan.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

LATEST NEWS

spot_imgspot_imgspot_img