YEREVAN, April 21. / ARKA /. VTB Bank (Armenia) has unveiled today a new type of deposit called "National" and designed for non-resident individuals in Armenia.

The deposit can be opened for 90, 180 or 365 days in Armenian drams with an interest rate of 17.75%. The interest rate for deposits in USD is 6.25%, 5.45% for deposits in euros and 11% for deposits in Russian rubles.

The minimum amount of deposits in the national currency of Armenia is 500,000 drams; the figure for deposits in USD /Euros is 1000 and 50,000 for Russian rubles.

The bank said in a press release that customers can receive the interest either when they make the deposit or when the term is over.

The bank said also depending on the amount of the deposit it provides free Master Card Gold or Visa Platinum payment cards to depositors and also a free opportunity to use "Phone Bank" service which customers can use throughout deposit term to get information about their accounts.

After the end of the term the amount and the interest can be transferred to MasterCardGold or VisaPlatinum gift cards regardless of depositor’s whereabouts.

Customers can add money to their accounts by using Internet banking services or numerous ATMs and Telcell terminals across Armenia.

VTB Bank (Armenia) is fully owned by Russian VTB Bank. It runs 67 branches across Armenia, more than any other local bank. Its assets dropped by 9% at the end of March from the year before to 328.5 billion drams; liabilities fell by 9.63% to 298.6 billion drams; capital decreased by 2.7% to 29.8 billion drams and credit investments slashed by almost 10% to 211.7 billion drams.-0-