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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