VTB Bank(Armnenia) launched promotion on loans in installments: interest rate and prepayment - 0%

ArmInfo. VTB Bank (Armenia) announces a promotion on loans in installments. According to the press service of the company, until January 31, 2018, customers are given the opportunity to buy goods in the partner shops of VTB Bank (Armenia) on favorable terms in installments. In particular, the interest rate and prepayment - 0%, the maturity of the loan - up to 5 years.  The maximum amount of the loan is up to 1.5 million AMD, and the monthly commission for maintenance is 1.39% of the loan amount.

Within the framework of the promo, customers can purchase in installments various goods: mobile phones, electrical equipment, furniture, building materials, etc. You can find the list of partner shops here.

According to the source, individuals who are residents of the Republic of Armenia at the age of 21 and older can contact the VTB Bank (Armenia) to arrange a loan in installments. The loan is approved and issued on the spot in minutes - in the store without the need to visit the Bank. To apply for a loan, you only need a passport and a social security card map.

Details on the terms of the promotion can be found in the branches of VTB Bank (Armenia), on the Bank's website www.vtb.am, and in the Unified Information Service of the Bank at 87-87.

According to the Financial Rating of the Armenian Banks as of October 1, 2017, prepared by ArmInfo News Agency, VTB Bank (Armenia) in the retail loan portfolio is included in the TOP-3 with a volume of 83.8 billion AMD or $ 175.3 million, which is 11% of total retail market loans and over 48 % of the loan portfolio of the bank. In the annual section, the bank increased its retail loan portfolio by 7%, and only in the third quarter - by 5%. On the portfolio of consumer loans, VTB Bank (Armenia) also holds a position in TOP-3 - 69.9 billion AMD or 13% of the total volume in the market. In the loan portfolio of the Bank, the share of consumer loans is about 42%. On an annual basis, VTB Bank (Armenia) increased its consumer loan portfolio by almost 12%, and this growth was mainly achieved in 9 months of 2017.

"VTB Bank (Armenia)" JSC became a participant of the international financial group VTB in April 2004.  At present, VTB Bank, the second largest bank in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. VTB Bank (Armenia) holds the first place in the coverage of the branch network - 67 units with presence both in the capital and in all regions of the country.