Wednesday, May 2 2018 18:15

ArmInfo.VTB Bank (Armenia) is meeting the borrowers. As ArmInfo was told in the press service of the Bank, payments for loans, according to the schedule from May 2 to  May 30, can be carried out by the customer until May 31 this year inclusive.

VTB Bank (Armenia) notifies that for failure to pay for the period  specified in the contract, loans will not be classified and  considered to be overdue, and no fines and penalties will be applied  to them.

According to the source, for payments on grace cards, the grace  period will be extended until May 18 inclusive (instead of May 5 for  Classic cards, instead of May 10 for Gold cards, instead of May 15  for Infinite cards).

"Payments can be made not only in the branches of VTB Bank (Armenia),  but also through payment terminals TelCell, EasyPay, and using the  Internet and the Mobile Bank of VTB Bank (Armenia)," the Bank said.

According to the Financial Rating of Armenian Banks as of January 1,  2018, prepared by NA ArmInfo, VTB Bank (Armenia) is one of the top  three with a volume of 90.4 billion AMD ($ 186.8 million), with  annual growth of 15.9%. In the total loan portfolio of the bank, the  retail share reaches 53%. In the total volume of retail lending, the  share of VTB Bank (Armenia) is 11% on the market. On consumer loans,  the Bank holds the 2nd position - 77.2 billion AMD ($ 159.6 million)  or 46.6% in the loan portfolio. On an annual basis, VTB Bank  (Armenia) increased the volume of consumer loans by 23.3%. In the  total volume of consumer lending, the share of VTB Bank (Armenia) in  the market exceeds 13%.

VTB Bank (Armenia) CJSC became a participant in 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. In terms of coverage  of the branch network, VTB Bank (Armenia) retains the primacy - 67  units with presence both in the capital and in all regions of the  country. Moreover, the leadership is also fixed on the regional  network of branches, of which there are 43.