ArmInfo. VTB Bank (Armenia) is pleased to announce the launch of a campaign on the occasion of spring holidays. Within the framework of the campaign, the customers will be able to purchase consumer goods by installments at lower prices. The Bank's press office has told ArmInfo that doing shopping by installments at the Bank's partner outlets before 31 May 2017, the customers will enjoy up to 5% discount in addition to the current discounts.
The source says that the installment loan is provided at the trade outlet. To receive the installment loan, customers are to submit their passports and social cards. If the applicant works at a force structure, he/she is also to submit a salary certificate. The loan amount ranges from 30 thsd AMD to 1.5 mln AMD, and the redemption period ranges from 3 months to 5 years. The loans can be provided to the individuals - residents of Armenia aged at least 21, but the borrower's age shall not exceed 65 years at the moment of the loan provision.
The campaign is valid at the Bank's partner outlets, the list of which is available at http://ru.vtb.am/retail/akcii/5- discount/cank.pdf. Customers can familiarize themselves with the lendind terms by visiting http://ru.vtb.am/retail/credits/gold/#GoodsByInstallments, as well as by contacting the Bank's Single Call Center by dialing 87-87.
According to ArmInfo's Financial Rating of Armenian Banks, as of 1 Jan 2017, VTB Bank (Armenia) is among the top three banks in terms of retail lending with 78.01 bln AMD. In the Bank's total loan book, the share of retail loans is more than 47%. In the aggregate retail lending portfolio of the banking system, the share of VTB Bank (Armenia) is 11%.
To recall, VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. The Bank has 67 branches throughout the republic.