Friday, December 12 2014 15:23

VTB Bank (Armenia) raises interest on VTB-Prospect+ deposit to 14.25%- 14.75%


ArmInfo. On the occasion of the New Year, VTB Bank (Armenia) has decided to raise interest on its VTB- Prospect+ deposit to 14.25% for 365 days and 14.75% for 730 days. The campaign will last till Feb 28 2015.

The minimum size of the deposit is 100,000 AMD, with the interest paid at the end of the period.

The bank has also raised interest on EUR deposits.

For details see www.vtb.am or call 87-87.

As of today VTB Bank (Armenia) has the highest interest on more than one year AMD deposits, the third highest interest (after Ardshinbank and Armbusinessbank) on 365-day AMD deposits.

According to ArmInfo's Financial Rating of Banks of Armenia, as of Oct 1 2014 VTB Bank (Armenia)'s time deposit portfolio made up 1024.4bln AMD (4th rank among Armenian banks), with time deposits accounting for 40% of the bank's obligations.

VTB Bank (Armenia) joined VTB Group in Apr 2004. Presently, the second biggest Russian bank, VTB Bank, owns 100% of VTB Bank Armenia. The bank has the largest branch networks (67 branches all over Armenia).
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