ArmInfo. Before the summertime the VTB Bank (Armenia) announced the decrease of nominal and effective interest rates in respect to credit lines and Universal consumer loans. According to the information shared with ArmInfo at the press office of the Bank, from now on the clients of VTB Bank (Armenia) will be able to arrange their Universal consumer loans with an annual interest rate starting with 13,5%, and credit lines starting with 12,5%. Borrowing their loans at VTB Bank (Armenia), consumers save not only time but money also, because the lending decision is being taken by Bank in extremely short terms - in 1 business day in average, and for the clients receiving their salaries through the Bank - at a moment," the official statement of the Bank reads. The more detailed information on borrowing conditions and loan rates at VTB Bank (Armenia) could be obtained at any of Bank branches, as well as at www.vtb.am, or by making a call to the Information Center of the Bank (87-87).
According to ArmInfo's Analytical Review "Armenian Banks in Card Business", VTB Bank (Armenia) retains leadership on the market of plastic cards both by the number of active cards and the amount of transactions. By 1 October 2016, the number of active cards of the Bank made up about 518 thsd, with almost 79% or 408 thsd being Visa cards. As compared to the same period of 2015, the Bank increased the total number of cards by 12.1% (the number of MasterCards grew 4.5-fold, while the number of Visa cards dropped by 4.5%. In Jan-Sept 2016, the transactions with plastic cards of VTB Bank (Armenia) amounted to about 160 bln AMD (down 11.5% versus Jan-Sept 2015), including 147 bln AMD ATM transactions (up 9.1%). As of 1 Oct 2016, the Bank had 346 POS-terminals and 156 ATMs. Before 2013, VTB Bank (Armenia) issued and served only VISA international cards. In Sept 2013 it became a full member of MasterCard Worldwide and started issuing and serving Cirrus/Maestro, MasterCard Standard and MasterCard Gold cards. Along with this, the Bank serves local ArCa cards. The Bank has a processing center of its own.
To recall, 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. The Bank has 67 branches throughout the republic.