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VTB Bank Armenia is starting to handle accounts under the government's social package program.
All customers are invited to open social accounts in the bank for paying for their health insurance, education and holidays in Armenia and Nagorno-Karabakh and for repaying their mortgage loans.
Employees of large organizations will not have to come to the bank for opening the accounts. The bank's specialists will visit them and will do it wherever they work.
The bank will also provide customers with loans equivalent to six times the value of the package so they can make the abovementioned payments.
The service will be provided in all 67 branches of VTB Bank Armenia.
The government's social package worth 132,000 AMD was introduced in 2012 and is supposed to help almost 120,000 social servants to solve their social problems.