ArmInfo.Launched by VTB Bank  (Armenia) exactly one year ago, a new service "Card-to-card  transfers", through 157 ATMs of the bank for Visa cardholders,  demonstrated a progressive growth in customer demand. This was  reported by the Bank's press service.

ArmInfo.

ArmInfo.VTB Bank (Armenia) announces the beginning of the process of forgiveness of accumulated penalties and fines for overdue consumer loans to individuals. As the  press service of the Bank told ArmInfo, this offer covers all types  of consumer loans regardless of the amount of debt and currency. In  particular, these are cash loans without collateral and secured by  real estate, POS loans, credit lines, loans secured by gold products,  credit cards.

ArmInfo. Personnel changes took  place in the top management of VTB Bank (Armenia), the press service of the Bank informed ArmInfo.  According to the source, the new team of top management of the Bank is as follows:

ArmInfo. VTB Bank (Armenia), with a view to maximizing the conditions and increasing the profitability of its depositors, announced an increase from June 26  on annual dram deposit rates to 10%. The press service of the Bank  informed ArmInfo about this.

ArmInfo.VTB Bank (Armenia) launched a special Claiming Center in order to improve the quality of customer service and conduct the most efficient and effective work  with offers, requests and complaints from its customers. The press  service of the Bank informed ArmInfo.

ArmInfo.ACBA-Credit Agricole Bank, within the framework of the Unified ATM Network project, is expanding the possibilities of servicing its cardholders, and has now  agreed with Ardshinbank. Two large card market players - ACBA-Credit  Agricole Bank and VTB Bank (Armenia) - initiated this project with  the launch in October 2014, which in June 2018 was joined by another  major player in the plastic market - Ardshinbank.

ArmInfo.Hrazdan Cement plant has new owner, it was  bought by Hrazdan Cement Corporation, which was established in  December 2017 by GM holding. 

ArmInfo.Prime Minister Nikol Pashinyan, who is in the Russian Federation on a working visit, had working breakfast with Andrey Kostin, Chairman of the Board of the  Russian VTB Bank. The interlocutors discussed ways of expanding VTB  Bank's activity in different spheres of the Armenian economy.

ArmInfo. VTB Bank (Armenia), adhering to the idea of providing loans on the best terms for customers, announces another reduction in interest rates on loans  secured by gold products, as well as the commissions applied to them.  The press service of the Bank informed ArmInfo about this.

ArmInfo. The retail credit  portfolio of VTB Bank (Armenia) by the end of May 2018 exceeded AMD  100 billion, having increased by less than one year and a half by 22  billion AMD.

ArmInfo. VTB Bank (Armenia) has improved and expanded the terms of educational loans. As the press service of the Bank told ArmInfo, from now on, a loan for paying for education expenses can be obtained not only for education in higher education institutions, but also for paying for the child's education in paid schools. In addition, for the first time in the market, VTB Bank (Armenia) provides an opportunity to obtain a loan also for the purpose of paying for various training courses and classes.

ArmInfo. In Armenia, the number of plastic cards increased in the first quarter of 2018 at 14.9% per annum - up to 1.785 million units, against the decline of 10.8% a year earlier.  Adequately, the annual growth in the total volume of plastic transactions from 0.8% in the first quarter of 2017 to 38.6% in the first quarter of 2018 was dramatically accelerated, making 440.6 bln AMD. This is evidenced by the data of the Central Bank of Armenia.

ArmInfo. VTB Bank (Armenia) launches an opportunity for clients to receive interest on deposits directly at the time of making the deposit. As ArmInfo was explained in the press service of the Bank, the opportunity is extended to the deposits "Profitable" and "Progressive" in AMD with a term of up to 1 year. VTB Bank (Armenia) accepts AMD deposits from customers at market rates, in particular: the "Profitable" deposit in AMD - without the possibility of replenishment of the deposit and use of funds during the validity period, has a high yield - up to 9.75%; the contribution of "Progressive" to AMD - without the possibility of replenishment of the deposit with a yield of up to 9.3%.

ArmInfo. VTB Bank (Armenia) offers clients of retirement age to use the product developed specially for them - "Credit line for pensioners".

ArmInfo. VTB Bank (Armenia) once again reduced effective rates for loans for the purchase of goods by installments, thereby offering its clients loans at low interest rates and reduced commission.

ArmInfo. VTB Bank (Armenia) is  meeting the borrowers. As ArmInfo was told in the press service of  the Bank, payments for loans, according to the schedule from May 2 to  May 30, can be carried out by the customer until May 31 this year  inclusive.

ArmInfo. VTB Bank (Armenia),  in order to improve the conditions of consumer lending, once again  lowered interest rates and all kinds of commissions of consumer loans  "Universal", thereby providing higher accessibility for customers.

ArmInfo. Ministry of Agriculture of Armenia disproves the existence of corruption risks in the process of  implementation of the state program for the purchase of agricultural machinery in leasing. This was stated by the head of the department Ignaty Arakelyan at a meeting with journalists, commenting on information about abuses in the framework of the state program.

ArmInfo. VTB Bank (Armenia), offering its customers modern and technological products and services, put into operation the first ATMs with cash-in and recycling at the same time.