YEREVAN, December 5. /ARKA/. VTB Bank (Armenia) offers a new product to pensioners - ‘The Credit Line for Pensioners’ at zero interest rate.

This is a credit line in drams, which is provided to clients’ pension card with no annual interest rate.

Clients have to pay only monthly service fee – 1.5% of the limit amount.

The credit line is provided for up to 18 months (with automated prolongation) to pensioners who have not turned 78 yet. The maximum size of the line is equal to their there monthly pensions.

Card service and cash withdrawal from VTB Bank (Armenia) ATMs and ACBA-CREDIT AGRICOLE BANK are free.

The loan repayment is designed on a simplified scheme allowing pensioners not to visit the bank for repayment.

To get detailed information one can call 8787.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory - the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0---