VTB BANK (ARMENIA) OFFERS NEW DEPOSIT TO CUSTOMERS
ARKA
Oct 13, 2008
YEREVAN, October 13. /ARKA/. The VTB Bank (Armenia) offers its
customers a new type of fixed deposit, Perspective, for up to 541 days.
The bank’s Public Relations Department reported that the annual
interest rate on AMD deposits is 11%.
The highest annual interest rate on USD deposits is 10%, and on Euro
deposits 9.5%. The bank will effect monthly interest payments.
All the branches of the bank will accept Perspective deposits from
October 13, 2008.
Valery Ovsyannikov, Director General and Chairman of the Directorate,
said that the new product is part of the bank’s retail service
development program.
The Perspective deposit is intended for a larger target audience –
individuals, residents and nonresidents.
In the context of the present-day market, it is a really competitive
and convenient product for depositors.
At present, the VTB Bank (Armenia) offers five types of fixed deposits
to its customers: Perspective, High-Interest, Comfortable, Target
and Social Support.
VTB Bank (Armenia) is fully owned by the VTB Bank OJSC (Russia).
The VTB Bank OJSC, the leading Russian banking group, renders banking
services in Russia, some of the CIS member-countries, as well as in
some West European, Asian and African countries.
The VTB Bank (Armenia) (Armsavingsbank CJSC until June 20, 2006)
joined the VTB Group in March 2005.
By June 30, 2008, the bank’s total assets had amounted to 113.15bln
AMD, authorized capital totaled 13.906bln AMD, equity capital 21.88bln
AMD (by September 1, 2008, it had reached 22.79bln AMD). The bank’s
loan portfolio had amounted to 60.26bln AMD, and funds attracted from
clients totaled 38.5bln AMD.
The bank is among Armenia’s top-ranked banks in terms of key
indicators, being the leader in the amount of assets.
The VTB Bank (Armenia) has 79 points of sale in all Armenian
regions. This July, the Fitch Ratings agency assigned the "B"
short-term issuer rating and "BB+" long-term issuer rating to the bank,
with the "Stable" outlook for the latter.