Yerevan /Mediamax/. “VTB Bank (Armenia)” made decision to reduce deposit interest rates in foreign currency.

Mediamax was informed in the press service of the bank today that the reduction will be by 2% on average for the entire line of deposits in foreign currency, excluding small investments by individuals in an amount equivalent to up to 1mln AMD.

The bank stated that “definite passivity of demand for credit products in foreign currency is observed, which can be related to rate reduction and liquidity redundancy trend in world markets, and together with interest rate reduction on corporate credit products in foreign currency, the bank made a decision to also reduce rates on deposits in foreign currency”. --0--