ArmInfo. VTB Bank (Armenia) announced the launch of shares on deposits for individuals - "Winter Savings", effective December 7, 2017, until December 29, 2017. As the press service of the Bank told ArmInfo, within the framework of this campaign, customers will be able to draw up the "Favorable" deposit at higher rates.
In addition, when making a deposit in drams for a period of 365 days, interest for the whole of this period will be paid at a time at the time of registration, which will enable customers to use the interest amount in advance for any needs, including New Year's.
As part of the promotion, the following interest rates will be applied for deposits: with a dram deposit - up to 10.2%, with a dollar deposit - up to 3%. The Bank also has the option of making deposits with a monthly interest payment at the following high rates: for dram deposits - up to 9.45%, for dollar deposits - up to 2.99%.
When making deposits in any currency, VTB Bank (Armenia) provides a VISA or MasterCard plastic card as a gift.
More detailed information on the terms of the action can be found in the branches of VTB Bank (Armenia), on the website www.vtb.am, and also in the Uniform Information Service of the Bank on the number 8787.
In autumn of 2017, VTB Bank (Armenia) launched a special offer for depositors, effective October 31- November 2, within the framework of which customers were offered to issue "Favorable" and "Progressive" deposits in drams of 0, 5% rate. During the same period, within the framework of the "Autumn Savings" campaign, higher interest rates were applied for dram deposits - up to 10%. According to the Financial Rating of Armenian Banks by NA ArmInfo, as of October 1, 2017, VTB Bank (Armenia) has a portfolio of term deposits in TOP-10 - 87.8 billion AMD or $ 183.5 million. Their structure is dominated by individuals - 90% or 79.1 billion AMD (6th position), against 91% a year earlier. In the annual cut, time deposits of natural persons decreased by 17.8%. In the total liabilities of the Bank, the share of term deposits decreased from last year's 47.1% to the current 44.4%.
VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in April 2004. At present, VTB Bank, the second largest bank in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. VTB Bank (Armenia) dominates the coverage of the branch network with 67 branches with presence not only in the capital (23) but also in all regions of the country (44), and the number of regional branches is maintained by leadership.