Considering the high demand for VTB -Express time deposit investments, allowing for time deposits of 15 to 90 days at 12% annual interest rate, VTB Bank Armenia resolved to extend time deposit investment term till December 1, 2009.

"The Bank has promptly reacted to market signals and demonstrated its readiness to support investors, without lowering interest rate and help them minimize possible inflation-caused losses," VTB Bank Armenia press service reported.