ArmInfo. VTB Bank (Armenia), in order to improve the conditions of consumer lending, once again lowered interest rates and all kinds of commissions of consumer loans "Universal", thereby providing higher accessibility for customers.
As the press service of the Bank reports, from now on customers can issue a consumer loan without property security on the most favorable terms: the maximum loan size is up to 12 times the monthly income; interest rate - from 12% per annum; the loan matures within 60 months.
Consumer loans "Universal" of VTB Bank (Armenia) are issued to individuals for any everyday needs without specifying the purpose of using the loan. Credit "Universal" also provides the possibility of voluntary insurance of the borrower from an accident.
According to the source, special conditions for lending operate for clients who receive salaries through VTB Bank (Armenia).
Individuals who are residents of Armenia aged 23 and over can apply for the loan, presenting an identity document and a public service number (social card).
Details and terms of Universal loans can be found in the branches of VTB Bank (Armenia), at www.vtb.am, or by calling the Bank's Unified Contact Service at 87-87.
According to the financial ratings of the banks of Armenia as of 1 January 2018, prepared by NA ArmInfo, the volume of retail lending Bank VTB (Armenia) is one of the top three with a volume of 90.4 billion drams ($ 186.8 million), with an annual growth of 15.9%. In the total loan portfolio of the bank, the retail share reaches 53%. In the total volume of retail lending, the share of VTB Bank (Armenia) is 11% on the market. On consumer loans, the Bank holds the 2nd position - 77.2 billion AMD ($ 159.6 million) or 46.6% in the loan portfolio. In the annual credit profile, VTB Bank (Armenia) increased the volume of consumer loans by 23.3%. In the total volume of consumer lending, the share of VTB Bank (Armenia) in the market exceeds 13%.
"VTB Bank (Armenia)" became a participant in 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. The branch network of VTB Bank (Armenia) covers 67 branches with presence both in the capital and in all regions of the country.