INECOBANK and Rostelecom have issued a joint credit card allowing the Rostelecom subscribers to use a credit line on favorable terms. The press service of INECOBANK has told ArmInfo that the favorable terms concern the interest rate, 40% discount at over 100 partner outlets of trade and servicing, and provision of the loan without any income certificate.
The source says that to get the specified card, one needs to visit any of the branches of INECOBANK or Rostelecom and to present the passport or an ID card and a social card.
For efficient management of the credit line, INECOBANK offers the cardholders several ways of repayment: at a branch of the Bank, via the TelCell and Megapay terminals, card-to-card transfers, via Online Payments on INECOBANK's website (www.inecobank.am), or through the Ineco Online internet banking system.
One can receive further information on the terms of the joint credit card of INECOBANK and Rostelecom by visiting their official websites (www.inecobank.am and http://www.rtarmenia.am/for-home/home- promo/rostelecom-inecobank) or by dialing (010) 510-510.
According to the Financial Rating of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), the share of consumer loans in INECOBANK's loan book is over 30% (6th ranking in the Armenian banking system in terms of the absolute value of consumer loans). In H1 2014 versus H1 2013, the Bank increased the portfolio of consumer loans by 29.7%. INECOBANK was founded in 1996. Its majority shareholders are INECOBANK CEO Avetis Baloyan (35.23%), Karen Safaryan - 30.34%, Deutsche Investitions-und Entwicklunsgesellschaft mbH (DEG) (12.58%) and the International Finance Corporation (9.32%).
Rostelecom's subsidiary in Armenia is "GNC-ALFA" CJSC. The latter became a member of Rostelecom Group in February 2012 and since 18 December 2012 it has been providing telecommunication services in RA under "Rostelecom" brand. Being one of the leading telecommunications companies Rostelecom Armenia provides internet access, fixed telephony services and TV services to both individuals and corporate clients. The network of Rostelecom Armenia is solely based on fiber-optic cable (FOC) infrastructure covering 80% of the territory of RA and spreading for over 2500km. It is connected to the region's main terrestrial networks and largest traffic exchange nodes as well as international channels of Iran and Georgia. The corporate client list of the company includes not just a number of local Banks and Corporations, but also the Government of Republic of Armenia, state institutions and international organizations.