VTB Bank (Armenia) Evolving a New "National" Deposit Type for Non-Resident Individuals

VTB Bank (Armenia) has 

evolved a new - "National" deposit type for non-resident individuals of Armenia. The bank has reported to ArmInfo that one can open a deposit in AMD at the interest rate of 17.75%, USD - 6.25%; EUR - 

5.45%; RUR - 11%. The deposit period is 90, 180 or 365 days.  The minimum deposit sum is 500000 AMD/1000 USD or EUR/50000 RUR. 

 

To make it more convenient for a depositor, VTB affords customers a chance to choose the draw interest mechanism - while opening the deposit or at the end of term. 

 

Besides the beneficial offers, the bank will provide depositors with MasterCard Gold or Visa Platinum plastic cards - depending on the sum. The depositor can also use the free service "Telephone-Bank"- 

during the maturity the client will have the opportunity of getting information about his sum and accumulated interest. Beyond the expiration the client will receive the deposit sum and accumulated 

interest on MasterCard Gold or Visa Platinum cards all over the world without going to bank. 

 

More detailed info on "National" deposit can be found on www.vtb.am - in the deposit section.

 

In case of replenishing deposit accounts it is not necessary to go to bank, one can use Internet service and replenish the account online, instead. Another method of replenishing is VTB Bank ATMs or Telcell 

terminals. 

 

To remind, there has been tendency of deposit interest rate increase since the end of 2014. in December ProCredit increased AMD deposit interest rates up to 16-18%. Anelik Bank and AREXIMBANK-Group have taken up the tendency in 2015 - Anelik Bank  - "Dram +" with interest 

rate of 16-16.25% in January and AREXIMBANK-Group - "Classic Plus" - 15-17% interest rate.  

 

According to the financial ranking of Armenian banks prepared by the Agency of Rating Marketing Information (ArmInfo), as of January 1, 2015 VTB holds the position in TOP-5 on time accounts- 101.8 billion AMD; regarding individual time accounts - the bank has consolidated the position in TOP-3 - 86.1 billion AMD. 

 

VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Bank, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has 67 branches all over the country (the largest branch network in Armenia).