YEREVAN, November 15. /ARKA/. On Monday, VTB Bank (Armenia) offered new products - Visa Classic Credit and Visa Gold Credit cards - to individuals, the bank’s press office reports.

“Visa Classic Credit and Visa Gold Credit cards constitute a new level allowing clients enjoy grace period of crediting,” the bank’s press release says.

Now users of this bank’s cards can use the credit line without paying interests for certain period of time.

“Credit cards of VTB Bank (Armenia) with grace period of crediting can be used not only as free credit, but also as handy and reliable means for carrying out everyday pays,” the bank says in its press release.

These credit cards are provided to everybody who has stable income.

Grace period is intended for personnel of those organizations accredited by the bank and all the individuals having accounts in VTB Bank (Armenia).

Artak Khachatryan, director of the bank’s retail business division, views this offer as first step toward modernization of card products.

He said that the bank finds development of card products strategically important.

The main advantage of the credit card of VTB Bank Armenia is grace period, but the three-day term set for consideration of a client’s application is important as well.

Loans are extended in any currency – AMD, USD, EUR, and RUR.
“Besides, a client also gets a chance to get extra three cards and enjoy discounts from 200 outlets,” Khachatryan said.

VTB Bank Armenia that is reckoned among leaders in Armenian banking system joined VTB Group in April 2004.

VTB Bank, the second biggest bank in Russia, holds 100% of shares of VTB Bank (Armenia).

Now VTB bank (Armenia) has 68 branches - the largest branch network in the country.-0---