VTB BANK ARMENIA OFFERS NEW DEPOSIT VTB-SPRING

ARKA
March 3, 2009

YEREVAN, March 3. /ARKA/. VTB Bank (Armenia) launched a new deposit
VTB-Spring on March 1, the bank’s press service reports.

"For citizens of Armenia (both residents and non-residents), the
deposit is accepted in Armenian drams with 11,000 drams of minimum down
payment for a period ranging from 91 days to 365 days. The deposit
account can be replenished without additional payments and limits,"
the bank says.

The annual interest rate of the deposit is 11% if the interests are
paid at the beginning of the contract term and is 11.5% if payments
are made at the end of the contract term.

VTB Bank Armenia has raised the interest rates of VTB-Perspective+,
VTB Target and VTB Income time deposits to 12%.

The bank currently offers seven time deposits. The rest of the deposits
are VTB Comfort, VTB Social and VTB Ruble. The deposits are accepted
in all the 78 local branches of VTB Bank (Armenia). ($1- 305.83 drams)

From: Emil Lazarian | Ararat NewsPress