VTB Bank Armenia introduces credit cards with grace period of lending

VTB Bank Armenia introduces credit cards with grace period of lending

PanARMENIAN.Net - From November 15, VTB Bank Armenia CJSC offers individuals a new product - Visa Classic credit and Visa Gold credit cards.

The credit cards are a new level of financial freedom and provide clients with the opportunity to get grace period of lending, the bank press service reported.

From now on cardholders of VTB Bank Armenia can use a credit line for free for a certain period. The credit cards of the bank with a grace period of lending can be used not only as a free credit, but also as a convenient and safe means of daily payments.

The credit cards are provided to people with a stable income.

“This is the first step for modernization of card products, the development of which we consider to be of strategic importance for the bank,” said Director of the Department of Retail Business Development at VTB Bank Armenia CJSC Khachatryan.

According to him, credit lines are provided in any currency (AMD, USD, EUR, RUR). Besides, clients are provided with the opportunity to get three additional cards and receive discounts at around 200 shops.

 Top stories
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
The EBRD will acquire a stake of around 20% for $30 million. The remaining $10 million will be used for future capital increases.
IFC thus aims to increase the stability of Armenia’s banking sector and support the strategic goals of Ameriabank.
Partner news