Tuesday, April 26 2016 13:16

VTB Bank (Armenia) improves "Super-rate" service terms, refunding 20% of the interest paid versus the previous 10%

VTB Bank (Armenia) improves "Super-rate" service terms, refunding 20% of the interest paid versus the previous 10%

ArmInfo. Within the framework of provision of installment loans, VTB Bank (Armenia) has improved the terms of the "Super-rate" service. After complete redemption of the loan, the Bank refunds 20% (versus the previous 10%) of the interest paid within at least 6 months to the conscientious borrowers. 

The press office of the Bank has told ArmInfo that within the framework of the "Super-rate" service, VTB Bank (Armenia) has already refunded nearly 10 million AMD to over 3,000 borrowers.   

The source says that one can enable the service free of charge when borrowing an installment loan at over 300 trade outlets cooperating with VTB Bank (Armenia). Individuals - residents of Armenia aged 21 and above - can receive the loan. At the loan redemption moment, the borrower should not be older than 65.  The decision on lending is taken at the trade outlets within minutes.   

One can receive detailed information about the "Super-rate" service by contacting the Call Center of VTB Bank (Armenia) by dialing 87-87, as well as by visiting the branches of the Bank or the official website of the Bank: http://vtb.am/retail/akcii/superstavka/index.php

According to the Financial Rating of the Armenian Bank by the Agency of the Rating Marketing Information (ArmInfo), as of 1 Jan 2016 VTB Bank (Armenia) retains its position among the TOP-3, securing over 198 bln AMD (about 63% in the Bank's assets), with almost 40% of this amount being retail lending. In terms of consumer loans, the Bank is also among the TOP-3 with 62.6 bln AMD. The share of its consumer loans in the retail loan portfolio is over 79%. In 2015, the Bank slackened the dynamics of consumer lending from 12.4% growth to 11.3% decline.

VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has 67 branches all over the country (the largest branch network in Armenia). 

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