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Vtb Bank (Armenia) Starts Serving Social Accounts Within Social Pack

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  • Vtb Bank (Armenia) Starts Serving Social Accounts Within Social Pack

    VTB BANK (ARMENIA) STARTS SERVING SOCIAL ACCOUNTS WITHIN SOCIAL PACKAGE PROGRAM

    YEREVAN, February 28./ARKA/. Customers of VTB Bank (Armenia) can now
    open social accounts at the bank within the framework of the social
    package program, the bank reported ARKA on Thursday.

    In January 2012, the Armenian lawmakers introduced the new social
    package that is targeted at civil and public servants in culture,
    education and social security spheres. Each employee will receive
    132,000 drams annually.

    "From now on, all interested customers can open social accounts at
    VTB Bank (Armenia) which will further coordinate these accounts. The
    physical presence of the customers will not be required any longer,"
    according to the source.

    Social account transactions will be made in four directions: payments
    for health insurance, tuition, mortgage loans and vacations on the
    territory of Armenia and the Nagorno-Karabakh Republic.

    The employees of large organizations can apply to "distance opening
    of social accounts."

    In that case, the bank specialists will visit such organizations,
    register and proceed the full applications on the spot.

    Moreover, the customers can get loans of up to six-time size of
    their social package amount to make payments to the four directions
    mentioned above.

    In addition, the clients can make simultaneous payments within the
    social package without waiting for refills on their accounts.

    VTB Bank (Armenia) customers can open social accounts at all 67
    branches of the bank throughout Armenia.

    The beneficiaries of the social package and their family members,
    including spouses and single children up to 27 years old, regardless
    their job positions and salary will equally enjoy a number of social
    services. The package covers medical insurance, monthly redemption
    of mortgage credits, tuition fees at accredited universities, and
    vacations in Armenia and Nagorno-Karabakh.

    VTB Bank Armenia joined VTB Group in April 2004. VTB, the second
    largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). It
    has the largest branch network in the country - 67. -0- - See more at:
    http://arka.am/en/news/business/vtb_bank_armenia_starts_serving_social_accounts_wi thin_social_package_program/#sthash.Pubew25i.dpuf

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