ArmInfo. The relatively modest amounts of "support" announced in Brussels should not be misleading.  A similar opinion was expressed by political observer, expert of the Foundation for Strategic Culture (FSC), member of the Club of Friends of the Gorchakov Foundation Andrey Areshev in his article on FSC.

ArmInfo.The relevant agencies of the Russian Foreign Ministry and the government as a whole are  engaged in the issue of clarifying the situation related to the suspension of the MIR payment system in Armenia. On March 20 during a weekly briefing, spokesperson of the Russian Foreign Ministry Maria Zakharova said, answering a corresponding question.

ArmInfo. VTB Bank (Armenia) has opened a "Moscow"  branch to serve legal entities in a new modern office in the center  of Yerevan at the address: 4/3 Aram St., building 59, Yerevan. This  is noted in the message of VTB (Armenia), which indicates that  customer service in this branch is carried out on weekdays from 9:30  a.m. to 5:00 p.m..

ArmInfo.“Ardshinbank” CJSC informs that an agreement has been reached with “VTB-Armenia Bank” CJSC on the transfer of a part of the retail portfolio of consumer loans. From March 28, Ardshinbank serves a part of VTB-Armenia borrowers - individuals.

ArmInfo.Under the circumstances the VTB Bank (Armenia) is ensuring clients' access to all the services and instruments except for certain restrictions on money transfers.  The detailed information is available on www.vtb.am, reports the  official website of the Central Bank of Armenia (CBA).  

ArmInfo.Georgian Prime Minister Irakli Garibashvili explained that if Georgia joins the financial sanctions of the West against the Russian Federation,  winemakers, exporters, and farmers of the country will suffer serious  damage, tourism will suffer, and thus it will "harm national  interests."

ArmInfo.Deputy Defense Minister of Armenia Suren Sahakyan has been dismissed from his post.

ArmInfo. At its annual meeting of shareholders VTB Bank (PJSC) approved the new composition of the Management Board of its Armenian subsidiary VTB Bank (Armenia) .  ArmInfo was informed about this in the press service of the bank. The  corresponding decision of the sole shareholder N1 /2021 dated April  30, 2021 was published on the official website of VTB Bank (Armenia).

ArmInfo. By the end of 2020 VTB Bank (Armenia)  ensured a record profit of 2 billion AMD over the past few years. The  press service of the bank told ArmInfo about this, referring to the  published annual reporting in accordance with IFRS.

ArmInfo.VTB Bank (Armenia) and Motor Show Kia Motors jointly launch a new car loan program, offering customers a wide selection of KIA cars on unprecedentedly favorable conditions. ArmInfo reported this in the press service of the bank.

ArmInfo.The Banker magazine, the world's leading financial publication and part of the Financial Times, named Ameriabank the Bank of the Year in Armenia at its 21st  Annual Awards in London.

ArmInfo. VTB Bank (Armenia), as a  socially oriented bank, offers its individual borrowers a two-month  delay in paying loans - from March 17 to May 17. As explained in the  bank's statement, the deferral concerns both repayment of the  principal loan amount and interest payments on dram and foreign  currency loans.

ArmInfo.Once again, VTB Bank (Armenia) improved the conditions of mortgage loans by lowering interest rates and increasing the availability of real estate  acquisition for its clients.  ArmInfo was informed about this in the  press service of the bank.  

ArmInfo. VTB Bank (Armenia) offers all students and parents of students to take advantage of the favorable Student loan, specially designed for educational purposes.

ArmInfo. VTB Bank (Armenia) offers to issue pawnshop loans secured by gold products under the most favorable conditions. According to the bank's official statement, the annual nominal  interest rate on these loans is from 2% to 13.5% for AMD loans, from  1% to 9% for USD, with an effective annual interest rate of 10.6-24%. 

ArmInfo. VTB Bank (Armenia) leads in the number of ATMs and holds the lead in terms of coverage of the branch network. According to the press service of the bank,  according to the results of 2019, VTB Bank (Armenia) had 188 ATMs, of  which 88 were installed in the capital, and 100 in the regions of  Armenia. And today another ATM is used, which is installed on the  territory of MegaMall Armenia.

ArmInfo. VTB Bank (Armenia), together with RESO insurance company, offer all travel enthusiasts an insurance product "Safe Vacation", which provides an opportunity to use a number of insurance services.

ArmInfo. VTB Bank (Armenia) has improved the conditions for obtaining a mortgage loan. As ArmInfo  was told in the press service of the bank, prepayment starting from  3%, annual interest rate from 3.5% to 13.7%, effective interest rate  from 6-15%, loan repayment period from 3 years to 30 years , loan  amount - from 1 million to 80 million drams. As a result customers  can easily become happy owners of real estate, both in Yerevan and in  the regions of Armenia.  In addition, to obtain a mortgage, the  solvency requirements of customers are eased and a minimum package of  documents is required.

ArmInfo. VTB Bank (Armenia) proposes to use the Interest- Bearing Account service with a rate of 1.5-9.5% per annum to all those customers who wish to maintain and,  most importantly, increase their dram savings. As ArmInfo was  explained in the press service of the bank, the client's  Interest-Bearing Account allows them to replenish and withdraw funds  from their account at any time and without any restrictions. This  account is a kind of piggy bank that has an unlimited duration and  combines the security of the deposit and the flexibility of a bank  account.

ArmInfo.VTB Bank (Armenia) will begin issuing MIR cards by December 2020. Ivan Telegin, General Director and Chairman of the Directorate of VTB Bank (Armenia),  stated answering the question of ArmInfo correspondent during a press  conference on October 17, noting that the timing of the launch  depends on the speed of solving technical issues.