VTB Bank (Armenia) launched an opportunity to receive interest on  deposits at the time of making deposits

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%.

Thanks to the new opportunity, which is valid until May 25,  depositors can use their interest from deposits in advance, without  waiting for the completion date of the deposit.

Depositing in the VTB Bank (Armenia) can be made by resident  individuals and non-residents of Armenia by providing an identity  document. When opening a deposit, the Bank provides customers with a  free MasterCard card for the entire duration of the deposit. Also, at  the time of making up the deposit and for the entire term of its  validity, the depositor has the opportunity to obtain a loan secured  by his deposit on favorable terms.

Detailed information on the new opportunity can be found in the  branches of VTB Bank (Armenia), on the website www.vtb.am, or by  calling the Unified Information Service of the Bank at 87-87.

According to the Financial Rating of Armenian Banks prepared by NA  ArmInfo, the portfolio of time deposits of VTB Bank (Armenia) as of  January 1, 2018 amounted to 99 billion AMD, of which 85.6 billion is  individuals' funds. In the structure of the Bank's liabilities, the  share of term deposits is 56.4%. On the time deposit portfolio, the  Bank occupies the 7th position on this date, and on the term deposits  of natural persons - the 6th position. 

VTB Bank (Armenia) CJSC became a participant in 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. The branch network of  VTB Bank (Armenia) covers 67 units with presence both in the capital  and in all areas.