Wednesday, July 4 2018 20:53
Karina Melikyan

VTB Bank (Armenia) launches process of forgiveness of accumulated  fines-penalties for overdue consumer loans of individuals

VTB Bank (Armenia) launches process of forgiveness of accumulated  fines-penalties for overdue consumer loans of individuals

ArmInfo.VTB Bank (Armenia) announces the beginning of the process of forgiveness of accumulated penalties and fines for overdue consumer loans to individuals. As the  press service of the Bank told ArmInfo, this offer covers all types  of consumer loans regardless of the amount of debt and currency. In  particular, these are cash loans without collateral and secured by  real estate, POS loans, credit lines, loans secured by gold products,  credit cards.

According to the source, the offer is valid for loans with of more  than 271overdue days, which as of 31.05.2018. were considered  hopeless. Clients interested in the offer are required to visit any  branch of the Bank until December 31, 2018 for the conclusion of the  Settlement Agreement, which establishes a new schedule for the  repayment of the residual debt for a period of up to 5 years, with  the condition of making the first repayment on the day of signing the  Settlement.

For registration of the settlement agreement it is enough to present  the passport and social card. The deal is drawn up on the site in 15  minutes.

To note, "VTB Bank (Armenia)" JSC 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. The branch network of  VTB Bank (Armenia) covers 67 units  with presence both in the capital  and in all areas.