ArmInfo. VTB Bank (Armenia) and Visa company launched regular campaign on non-cash operations promotion- "A winter with VTB". The winners of the contest will get different prizez. As ArmInfo has been informed at the bank's press-office, all the Visa card holders of VTB Bank,as well as clients who will obtain the cards during the contest, will automatically participate to the campaign.
According to the source, the campaign participants in the period of November 20, 2016 to February 20, 2017 have to pay all the goods and services obtained with the cards inside and outside Armenia, including internet-purchases (except utilities and other non-cash transactions implemented through ATM machines).
Based on the results of promotion campaign among all the VISA card holders of VTB (Armenia), who will have implemented more than 50 non-cash transactions for the biggest amount and 50 non-cash transactions for the largest quantities, 10 certificates for home appliance will be played out, as well as the main prize - Hyundai Solaris vehicle.
According to ArmInfo's Analytical Review "Armenian Banks in Card Business", VTB Bank (Armenia) retains leadership on the market of plastic cards both by the number of cards and the amount of transactions. By 1 April 2016, the number of active cards of the Bank made up 496.6 thsd and the total amount of transactions in 2015 exceeded 210.3 bln AMD. The Bank has the biggest number of Visa cards - over 418.2 thsd by 1 April 2016, and the biggest number of MasterCards (over 78.3 thsd). Due to the serious (almost 5-fold) year-over-year growth in active MasterCards amid moderate (8.7%) rise in active Visa cards, VTB Bank (Armenia) increased the total number of active cards by 23.8%. As a result, the amount of transactions with cards grew by 12.8% over year, mostly due to the 21.3% growth in ATM transactions. By 1 April 2016, the share of Visa cards in the total number of active cards exceeded 84%. As of 1 April 2016, VTB Bank (Armenia) had 157 ATMs, including 78 in Yerevan and 79 in the provinces. The Bank has considerably enlarged its own network of POS-terminals - from 298 to 345. In addition, VTB Bank (Armenia) and ACBA-CREDIT AGRICOLE Bank have created a joint ATM network, offering the holders of Visa and MasterCard issued by VTB Bank (Armenia) to make use of ACBA-CREDIT AGRICOLE Bank at the same tariffs as in VTB Bank (Armenia) and vice versa. The joint network has 345 ATMs throughout Armenia. The Bank holds the second position by the number of ATMs and it has joined the top ten by the number of its own POS-terminals.
To note, before 2013 VTB Bank (Armenia) issued and serviced only Visa cards. In September 2013, it became a full member of MasterCard Worldwide and started issuing and servicing Cirrus/Maestro, MasterCard Standard and MasterCard Gold cards. The Bank also services ArCa local cards.
VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, 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).