YEREVAN, October 3. /ARKA/. Bank VTB (Armenia) is the fist in Armenia to introduce the service “Cash Back” for all the credit cards with a grace period, press-service of the Bank informed “ARKA”.

According to the press-release, free service “Cash Back” is a financial reward to the customers in the amount of 1% of the amount committed by non-cash payments by credit cards with a grace period.

“Unique service “Cash Back” combines business with pleasure, providing the client opportunity to get income from shopping by card payment. All credit cardholders of VISA Classic, VISA Gold and other cards of Bank VTB (Armenia) when payment by cards in the shops can take advantage of exceptional service “Cash Back” getting back 1% of the spent money to its card account”, states the press-release.

Starting from October 3, 2011 the service is available for all he cardholders of Bank VTB (Armenia) with a grace period.

“From October, Bank VTB (Armenia) will offer its clients a new service “Cash Back”. This service allows the cardholders of Bank VTB (Armenia) not only to get back 1% of the spent money to the card account, but also to take advantage of discounts in more than 15 000 companies worldwide and easily refill the card account through any payment terminal of TelCell. I am confident that the given product will have demand among our population”, said Director of Retail Business Department of Bank VTB (Armenia) Artak Khachatryan.

CJSC “Bank VTB (Armenia)” became participant of international financial group VTB in April 2004. Currently it is the second largest in Russia, VTB Bank (CJSC) owning 100% of shares of “Bank VTB (Armenia)”. The Bank is traditionally among the leaders of the banking system of Armenia by a number of key indicators. The Bank now owns the largest branch network in the country - 68 branches -0--