Wednesday, June 21 2017 17:05
Alina Hovhannisyan

Beeline and VTB Bank announced launch of an innovative proposal - purchase of equipment in installments without interest and commissions

Beeline and VTB Bank announced launch of an innovative proposal - purchase of equipment in installments without interest and commissions

ArmInfo. Beeline, within the framework of cooperation with VTB Bank (Armenia), launches an innovative proposal - the purchase of equipment in Beeline sales offices without payment of commissions and interest. On June 21, during a joint press conference with Beeline CEO Andrey Pyatakhin, the General Director of VTB Bank (Armenia) Yuri Gusev said.

"This is an absolutely innovative product in the Armenian market and the most client-oriented. In general, I believe that such products are products of market development in the future," Gusev emphasized. At the same time, he noted that the new offer is consistent with the main demand of the market - lower interest rates and debt burden for customers. In this connection, the Director General of VTB Bank (Armenia) explained: "Within the framework of the joint offer, we provide the opportunity, by purchasing the desired goods, to pay at a convenient schedule for clients. And most importantly, we do not apply interest and various commissions to the payment schedule of the goods."

For his part, Beeline's CEO Andrey Pyatakhin noted that in the offices of Beeline's sales and service, smartphones are provided in installments along with postpaid tariff plans Smart (from 2500 to 7500 AMD).  He explained that the cost of the purchased goods includes payment for communication services. "Beeline continues to take care of the simplicity and convenience of providing services, trying to make them as accessible as possible. For example, buying an Iphone 7 in installments for 24 months, the subscriber will pay only 22 000 AMD per month, while monthly receiving also services under the tariff plan "Smart 5500", - said the general director of Beeline. At the same time, he noted that the sale of smartphones is not the main goal of the company. With the launch of the new offer, the company plans to attract more customers by showing how profitable and affordable Beeline services are. "In addition to the equipment, customers are given the opportunity to use mobile communication, Internet Beeline, which is very convenient and profitable," he added, according to A. Pyatakhin, the technology is not blocked, and the client can use other telecom operators if desired. He said that customers can pay for the smartphone and communication services through all payment channels, in particular, by replenishing the balance on the phone at Beeline sales offices, at payment terminals, ATMs of VTB Bank.

Answering the question of ArmInfo, Andrey Pyatakhin noted that the company does not exclude cooperation with other banks in the framework of similar proposals. "We are not closed to cooperation with other banks, but we prefer to interact with those with whom we have been working for a long time and are sure of," he stressed. Concerning the increase in sales, and in particular the client base, Pyatakhin found it difficult to give any forecast, but he expressed confidence in the success of this initiative.

To note, the decision to sell the smartphone in installments is made in the offices of Beeline under the terms of VTB Bank (Armenia) with the presentation of passport and social card. The age of the buyer at the time of payment by installments should not be less than 21 years, and at the time of repayment - should not exceed 65 years.

According to the financial rating of Armenian banks prepared by IA ArmInfo, VTB Bank (Armenia) is included in TOP-3 in terms of consumer loans - 63.5 billion AMD as of April 1, 2017. The loan portfolio of the Bank accounts for 40% of the demand for loans. In the total consumer loans of the Armenian banking system, the share of VTB Bank Armenia exceeds 12%.

To note, "VTB Bank (Armenia)" CJSC became a participant of the international financial group VTB in April 2004. At present, 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.

We would like to remind that "ArmenTel" CJSC (Beeline trademark) belongs to the group of companies "VimpelCom Ltd", which is one of the world's largest integrated telecom operators operating in 14 countries, headquartered in Amsterdam. The group includes communication companies that provide voice and data services based on a wide range of wireless and fixed-line technologies, as well as broadband Internet access to more than 200 million subscribers in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Zimbabwe. VimpelCom Group companies provide services under the brands "Beeline", "Kievstar", "Wind", "Infostrada" "Mobilink", "Banglalink", "Telecel" and "Djezzy".

POST A COMMENT
Input digits     


News
In Q1 2025, Armenia`s IT sector experienced 24.5% annual growth rateIn Q1 2025, Armenia`s IT sector experienced 24.5% annual growth rate
In Armenia, service sector experienced accelerated growthIn Armenia, service sector experienced accelerated growth
Free economic zone to be established in Yeghipatrush Free economic zone to be established in Yeghipatrush 
RA MESCS presents terms of participation in industry courses in IndiaRA MESCS presents terms of participation in industry courses in India
"Electric Networks of Armenia" to modernize power supply network in  center of Yerevan
“My Ameria, My Family” – Lots of Benefits, Raffle of 300+ Gifts and Much More“My Ameria, My Family” – Lots of Benefits, Raffle of 300+ Gifts and Much More
Launch of digital radio discussed in ArmeniaLaunch of digital radio discussed in Armenia
Armenia`s Cabinet approves Armenian-Japanese convention abolishing  double taxation Armenia`s Cabinet approves Armenian-Japanese convention abolishing  double taxation 
Armenia to join Ashkhabad agreement Armenia to join Ashkhabad agreement 
Armenia to have new Law on Eletric Energy by end of 2025 Armenia to have new Law on Eletric Energy by end of 2025 
Hayordi Camp is the May beneficiary of The Power of One DramHayordi Camp is the May beneficiary of The Power of One Dram
In 2026, government to increase funding for  modernizing water supply  and drainage systemsIn 2026, government to increase funding for  modernizing water supply  and drainage systems
Converse Bank Joins the Asian Development Bank`s Green Finance CommitmentConverse Bank Joins the Asian Development Bank`s Green Finance Commitment
In Q1 2025, Armenia`s trade sector generated $3.4 billion in revenueIn Q1 2025, Armenia`s trade sector generated $3.4 billion in revenue
Natural population growth rate decreasing  in ArmeniaNatural population growth rate decreasing  in Armenia
In Q1, Armenia experienced a notable decrease in cognac and wine  productionIn Q1, Armenia experienced a notable decrease in cognac and wine  production
In Q1 2025, power generation in Armenia increased by 6.5% per annumIn Q1 2025, power generation in Armenia increased by 6.5% per annum
Armenia`s metallurgical industry experiences a decline in Q1 2025Armenia`s metallurgical industry experiences a decline in Q1 2025
Armenia`s industrial sector sagging due to declining manufacturing industry volumesArmenia`s industrial sector sagging due to declining manufacturing industry volumes
IFC ready to invest in Armenia`s energy, transport sectors IFC ready to invest in Armenia`s energy, transport sectors 
Wizz Air opens base in Armenia, launches new flights Wizz Air opens base in Armenia, launches new flights 
Possibilities of establishing public-private partnership with Yandex  company discussed in Yerevan Possibilities of establishing public-private partnership with Yandex  company discussed in Yerevan 
Armenian-Georgian business forum held in YerevanArmenian-Georgian business forum held in Yerevan
Modernization works carried out at National Center for Mental Health Modernization works carried out at National Center for Mental Health 
Martin Galstyan: It is essential to implement challenging reformsMartin Galstyan: It is essential to implement challenging reforms
Central Bank Governor: Only 0.1% of loans are related to banking  fraud and cyberattacksCentral Bank Governor: Only 0.1% of loans are related to banking  fraud and cyberattacks
Culture, humanity and responsibility: Araratbank supports  Belgian  band HOOVERPHONIC`s  concerts in ArmeniaCulture, humanity and responsibility: Araratbank supports  Belgian  band HOOVERPHONIC`s  concerts in Armenia
In Armenia, annual inflation rate increased to 3.2% in April due to higher prices for food and servicesIn Armenia, annual inflation rate increased to 3.2% in April due to higher prices for food and services
Economic activity in Armenia slowing down, with foreign trade also decliningEconomic activity in Armenia slowing down, with foreign trade also declining
Armenia to extend ban on export of some agricultural products for another 6 monthsArmenia to extend ban on export of some agricultural products for another 6 months
Armenia to deepen cooperation in tourism industry with QatarArmenia to deepen cooperation in tourism industry with Qatar
Armenia`s CB leaves refinancing rate unchanged 6.75%Armenia`s CB leaves refinancing rate unchanged 6.75%
Gogavat-Guguti checkpoint stops serving vehicles Gogavat-Guguti checkpoint stops serving vehicles 
RA Ministry of Economy presents  <Syunik: Economic Hub of the South  Caucasus> programRA Ministry of Economy presents   program
Armenian authorities consider expanding affordable housing program to  families in border settlementsArmenian authorities consider expanding affordable housing program to  families in border settlements
In January-April 2025, RA SRC collected 4.5% more taxes compared to   same period last yearIn January-April 2025, RA SRC collected 4.5% more taxes compared to   same period last year
Pashinyan thanks citizens for their efforts in filling the state  treasuryPashinyan thanks citizens for their efforts in filling the state  treasury
Exclusive Hooverphonic Performance and AraratBank`s Social Initiative to Mark Philharmonic`s Centennial CelebrationsExclusive Hooverphonic Performance and AraratBank`s Social Initiative to Mark Philharmonic`s Centennial Celebrations
Living costs much higher in Armenia than minimum pensions - Country fort Life party leader Living costs much higher in Armenia than minimum pensions - Country fort Life party leader 
Armenia`s authorities paln forming effective consumer protection  system Armenia`s authorities paln forming effective consumer protection  system 
Filling stations pay AMD 1.6bln to state budget in fraud case Filling stations pay AMD 1.6bln to state budget in fraud case 
Prime Minister`s visit to Lori region of ArmeniaPrime Minister`s visit to Lori region of Armenia
Dollar transactions resumed in Armenian interbank foreign exchange  market from April 28- May 2, 2025Dollar transactions resumed in Armenian interbank foreign exchange  market from April 28- May 2, 2025
Armenian Eurobonds 5th tranche offering a yield of 7.1%, indicates   that foreign investors perceive Armenia as a high-risk investment -  David AnanyanArmenian Eurobonds 5th tranche offering a yield of 7.1%, indicates   that foreign investors perceive Armenia as a high-risk investment -  David Ananyan
Tigran Jrbashyan urges Ministry of Economy not to close program for  engaging highly qualified specialists, but to return to its origins  and implement it in conjunction with  overall strategyTigran Jrbashyan urges Ministry of Economy not to close program for  engaging highly qualified specialists, but to return to its origins  and implement it in conjunction with  overall strategy
Entrepreneurs from Lyon  interested in investing in ArmeniaEntrepreneurs from Lyon  interested in investing in Armenia
For Q1 2025, Armenia`s state budget  executed with  surplusFor Q1 2025, Armenia`s state budget  executed with  surplus
RA Ministry of Finance once again amending law on state debtRA Ministry of Finance once again amending law on state debt
Amulsar`s restart to positively impact Armenia`s GDP final growth in  2025 - Finance MinisterAmulsar`s restart to positively impact Armenia`s GDP final growth in  2025 - Finance Minister
Demand for Armenian Eurobonds three times higher than placement  volume - Finance MinisterDemand for Armenian Eurobonds three times higher than placement  volume - Finance Minister
Meeting with ITF reps at Ministry of Territorial Administration and InfrastructureMeeting with ITF reps at Ministry of Territorial Administration and Infrastructure
Armenia, Sweden to expand innovation, technological and investment cooperation Armenia, Sweden to expand innovation, technological and investment cooperation 
Potential and Development Prospects of Health Tourism in Armenia forum to take place in Yerevan Potential and Development Prospects of Health Tourism in Armenia forum to take place in Yerevan 
Armenia`s gross international reserves reach $3.9blnArmenia`s gross international reserves reach $3.9bln
With a Mission to Preserve Armenian Heritage: AraratBank Sponsors the With a Mission to Preserve Armenian Heritage: AraratBank Sponsors the "Artsakh" Orchestra Concert
Armenia  to establish  Institute of Agricultural ConsultantsArmenia  to establish  Institute of Agricultural Consultants
Activities on mandatory insurance of hazardous industrial facilities  to be carried out in ArmeniaActivities on mandatory insurance of hazardous industrial facilities  to be carried out in Armenia
Armenia`s Ministry of Territorial Administration, World Bank  representatives sum up Armenia`s Ministry of Territorial Administration, World Bank  representatives sum up "Social Investment and Local Development"  program 
Team Telecom Armenia Expands International Partnerships: U.S. Newsmax Channel to Air in ArmeniaTeam Telecom Armenia Expands International Partnerships: U.S. Newsmax Channel to Air in Armenia
RA NA Committee against easing taxation conditions for SMEsRA NA Committee against easing taxation conditions for SMEs
Read more
Exchange rates
08.05.2025
RUB4.73-0.09
USD389.25-0.03
EUR439.39-2.99
GBP516.22-3.24
CAD280.52-1.79
JPY26.89-0.29
CNY53.78-0.10
CHF471.30-1.53