ArmInfo.VTB Bank (Armenia) has signed an agreement with VivaCell-MTS to develop and improve lending by installments. According to the press service of the Bank, henceforth in 73 service points of VivaCell-MTS, customers have the opportunity to apply for a loan on the phone, tablet and router on the spot.
According to the source, the following loan terms in installments are valid for this service: down payment - from 0%, interest rate - 0%, monthly commission - 1% of the principal amount. Loan processing takes a few minutes after the client determines the choice of goods.
"VTB Bank (Armenia) is constantly working to create the most comfortable conditions for its customers, offering convenient and fast loans in installments. Thus, thanks to the efforts of VTB Bank (Armenia), purchasing goods through bank financing becomes much more convenient and faster," noted in the message.
According to the Financial Ratings of Banks of Armenia, as of January 1, 2018, prepared by ArmInfo IC, in terms of the volume of retail lending, VTB Bank (Armenia) is in 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 share of retail reaches 53%. In the total volume of retail lending, the share of VTB Bank (Armenia) is 11% in the market. In terms of consumer loans, the Bank holds the 2nd position - 77.2 billion drams ($ 159.6 million) or 46.6% in the loan portfolio. In annual terms, VTB Bank (Armenia) increased the volume of consumer loans by 23.3%. In the total volume of consumer lending, VTB Bank (Armenia) share in the market exceeds 13%.
It should be noted that VTB Bank (Armenia) CJSC became a member of the international financial group VTB in April 2004. Currently, the second largest in Russia, PJSC "Bank VTB" owns 100% of shares of Bank VTB (Armenia). The Bank traditionally ranks among the leaders of the banking system of the Republic of Armenia by major indicators. In terms of coverage of its branch network, VTB Bank (Armenia) holds the lead - 67 branches with a presence both in the capital and in all regions of the country. Recall that VivaCell-MTS (MTS Armenia) is the leading mobile operator in Armenia, which provides a wide range of voice and data services throughout the country. VivaCell-MTS is one of the leaders in innovation and development of the country's mobile communications market.