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Tag: Deposit

Unibank raises interest rate on deposit “Classic” up to 10.25%

Unibank said it has raised the interest rate on the deposit “Classic” in AMD up to 10.25%. According to a bank's press release, clients can deposit funds for up to 730 days with income payment on a monthly basis or at the end of the deposit term

Deposit interest rates in Armenia showing downward trend

Deposit interest rates in Armenia are showing a downward trend, and credit rates are still unchanged, Central Bank Chairman Martin Galstyan told reporters on Tuesday. The Board of the Central Bank of Armenia, at a meeting on Tuesday, decided to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%. The rate of the Lombard repo provided by the Central Bank was 5.75%, and the rate on funds attracted by the Central Bank from other banks was 2.75%

Nonresidents to receive no deposit insurance preferences in Armenia

YEREVAN, September 9. /ARKA/. The National Assembly of Armenia declined Monday a motion to include the amendments proposed to...

Unibank revises upward interest rates on its flexible time deposit

Unibank said today it has revised upward the interest rates on its Flexible time deposit, making them even more profitable for depositors. According to a bank’s press release, in case of placing a deposit in Armenian drams the interest rate is 9%

VTB Bank (Armenia) improves deposit terms for World Savings Day

Every year, on World Savings Day, marked October 31, VTB Bank (Armenia) unveils updated and improved terms for its customers to place deposits, thus motivating them to save and receive income

Unibank offers “Flexible” deposit with an opportunity to replenish and convert currencies at any moment

Every depositor strives to choose a deposit with a high interest rate, reliability and additional benefits. Bank deposits are not only a way to keep savings, but also a way to multiply them, Unibank said in a press release today

Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9%

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

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

VTB Bank (Armenia) attracting new time deposits with monthly interest payment

VTB Bank (Armenia) has embarked on attracting from individuals ‘Beneficial’ and ‘Progress’ time deposits with the opportunity of monthly payment of interests, the bank’s press office reported on Monday

VTB Bank (Armenia) unveils new type of deposit

VTB Bank (Armenia) said today it has introduced a new type of term deposit designed for individual customers, called ‘Comfort.’

Deposits in Armenia’s commercial banks keep shrinking

The aggregate amount of deposits in Armenia’s commercial banks keeps shrinking, the National Statistical Service reports

Armenian regulator sets system of differentiated obligatory insurance payments

The Central Bank of Armenia has set up a system of differentiated obligatory insurance payments which Armenia's banks transfer to the deposit guarantee fund