YEREVAN, September 30. /ARKA/. VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds. These solutions enable companies to select the most suitable format for managing temporarily idle liquidity based on their specific financial goals and business needs.
Corporate clients can choose from the “Classic Business,” “Universal Business,” and “Replenishable Business” deposit products. Funds can be placed in Armenian drams, Russian rubles, or euros.
“Classic Business” is suitable for companies ready to place temporarily idle funds for a specific term without plans to top up the deposit or withdraw money before the term expires.
For businesses prioritizing flexibility in fund management, “Universal Business” may be the optimal solution. This deposit allows companies to earn income on placed funds while retaining the ability to manage them in line with current financial objectives.
“Replenishable Business” is designed for companies planning to gradually increase the volume of placed funds; this deposit allows for an unlimited number of top-ups.
“For corporate clients, it is important not only to maintain liquidity but also to effectively utilize idle cash. VTB (Armenia)’s deposit solutions allow companies to choose the right instrument depending on whether they plan to place a specific amount for a fixed term or wish to maintain additional flexibility in managing their funds,” commented Evgeny Motovilov, Deputy General Director and Chairman of the Management Board of VTB (Armenia).
The minimum placement amount for all three deposit products is 200,000 Armenian drams, 400 euros, or 20,000 rubles. The term ranges from 30 to 730 days. The interest rate depends on the deposit currency and the chosen method of interest payment—either monthly or at the end of the term. The maximum interest rate is 9.7% per annum for deposits in the national currency with interest paid at the end of the term (yield: 9.27%).
Detailed terms of the deposit product range are available on the VTB (Armenia) website, at any Bank branch, or by calling the Contact Center at 87 87.
The activities of VTB Bank (Armenia) CJSC are regulated by the Central Bank of the Republic of Armenia.
