VTB Bank (Armenia) launched special package of concessional lending for Road Police officers

ArmInfo.VTB Bank (Armenia)  launched a special share of concessional lending for the Road Police  officers, as the Bank's press-service explained to ArmInfo, from now  on Road Police officers could receive concessional lending  allocations at the rate of 11.5% in VTB Bank (Armenia), and consumer  credit at the rate of 14.5%.

According to the source, credit facilities depend on the holding  appointment of Road Police officers, but do not exceed AMD 4 mln. The  term of repayment of credit facilities is fixed at 3 years, and the  consumer credit at 5 years. The decision of giving credit is being  made maximum during 1.5 working days.

To get a loan, it is necessary to submit to Bank minimum package of  documents: identification document (including verification), social  card number of social services (or certificate on absence of social  card).

Except lending products, under concessional conditions Traffic Police  officers  also will get salary cards for free, free SMS and Internet  banking, as well as the opportunity to amount the positive balance of  the card 3% (AMD amount) or 2%(USD amount). Besides, the clients can  be able to purchase/transfer credits from other banks.

Detailed information on the conditions for obtaining loans secured by  gold products can be received at any of the 65 branches of VTB Bank  (Armenia), on the website www.vtb.am, and also by calling the Bank's  Unified Reference Service at 87-87.

According to the Financial Rating of Armenian Banks as of January 1,  2017, prepared by IC ArmInfo, in terms of retail loans, VTB Bank  (Armenia) is one of the top three with the volume of 78.01 bln AMD.  In the total loan portfolio of the bank, the retail share exceeds  47%. In the total volume of retail loans, the share of VTB Bank  (Armenia) reaches 11% on the market.

To note, "VTB Bank (Armenia)" CJSC became a participant of the  international financial group VTB in April 2004. VTB Bank, the second  largest 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 coverage of the  branch network of VTB Bank (Armenia) has 67 branches with presence  not only in the capital, but also in all regions of the country.