Friday, February 9 2018 15:25
Karine Melikyan

VTB Bank (Armenia) extends term of loan by installments until March 31, 2018

VTB Bank (Armenia) extends term of loan by installments until March  31, 2018

ArmInfo. VTB Bank (Armenia) has  extended the share of crediting in installments. As explained by  ArmInfo in the press service of VTB, until March 31, inclusive,  customers have the opportunity to make profitable purchases, having  issued a loan in installments of VTB Bank (Armenia).

Purchasing goods in partner shops of the Bank, customers will be able  to issue a loan in installments without prepayment and with zero  interest rate. The loan in installments is granted for a period of up  to 60 months. The maximum loan amount is 1.5 million drams. During  the term of the loan, only the monthly commission for maintenance is  charged - 1.39% of the loan amount.

The loan is approved and processed directly in the store within a few  minutes. To apply for a loan, you only need a passport and a social  security soc. Card. Individuals who are residents of the RA who have  reached the age of 21 can receive a credit by installments.

With the terms of the promotion and with a list of partner stores of  the Bank, please click here. Under the terms of the promotion,  customers can purchase household appliances, construction materials,  furniture, mobile phones, electrical equipment, etc. by installments  in specified shops.

More detailed information on the terms of the promotion can be found  by calling the Unified Information Service of the Bank at 87-87, and  also visiting the Bank's website www.vtb.am.

According to the Financial Rating of the Armenian Banks, as of  October 1, 2017, prepared by IC ArmInfo, VTB Bank (Armenia) in the  retail loan portfolio is included in the TOP-3 with a volume of 83.8  billion drams or $ 175.3 million, representing 11% of total retail  market loans and over 48% loan portfolio of the bank. In the annual  analysis, the bank increased its retail loan portfolio by 7%. On the  portfolio of consumer loans, VTB Bank (Armenia) also holds a position  in TOP-3 - 69.9 billion drams or 13% of the total volume in the  market. In the loan portfolio of the Bank, the share of consumer  loans is about 42%. On an annual basis, VTB Bank (Armenia) increased  its consumer loan portfolio by almost 12%.

"VTB Bank (Armenia)" CJSC became a participant of the international  financial group VTB in April 2004.  At present, VTB Bank, the second  largest bank 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. VTB Bank (Armenia)  retains leadership in the coverage of the branch network, which has  66 branches, of which 23 are located in the capital. In terms of the  number of regional branches, the Bank also holds the first place - 43  units with presence in all areas.

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