VTB Bank (Armenia) launches traditional New Year campaign - "New Year  Loan"

ArmInfo. It is time for pre-New-Year bustle: a holiday shopping for gifts, shopping for home and spending on family holidays. VTB Bank (Armenia) launched the  traditional annual campaign - "New Year Loan" as assistance to New  Year's spending.

The Bank's press service told ArmInfo that within the framework of  this campaign, borrowers will be able to issue a consumer loan at a  super low interest rate, thus easing holiday financial burden. In  honor of the upcoming 2019 until January 31, 2019 interest rate in  VTB Bank (Armenia) will be 9% and will be valid for the first 3  months for all categories of clients.

Within the framework of the campaign, during the first 3 months after  receiving the loan, a super-low rate of 9% will be applied (effective  interest rate - starting from 13.5% per annum), and after 3 months  the interest rate will be automatically changed in accordance with  the rates valid in the Bank for each customer segment (starting from  12%).  The offer is valid for all customers who applied to VTB Bank  (Armenia) for obtaining a consumer loan without property collateral:   regardless of the place of work of the client and the fact of  receiving salary on the accounts of VTB Bank (Armenia).  Detailed  information about the conditions and tariffs of the "New Year's Loan"  campaign can be found in the branches of VTB Bank (Armenia), on the  website www.vtb.am and in the Bank's Contact Center at 87-87.

According to the Financial Rating of Banks of Armenia prepared by  ArmInfo as of October 1, 2018,  in terms of the volume of retail  lending, VTB Bank (Armenia) is in the top three with a volume of  115.5 billion AMD ($ 239.2 million), with a y-o-y growth of 37.7%. In  the total loan portfolio of the bank, the share of retail reaches  61.5%. In the total volume of retail lending, the share of VTB Bank  (Armenia) is 12% in the market. In terms of consumer loans, the Bank  is leading - 114.4 billion AMD ($ 237 million) or 51.2% in the loan  portfolio. In y-o-y terms, VTB Bank (Armenia) increased the volume of  consumer loans almost 2-fold. In the total volume of consumer  lending, VTB Bank (Armenia) share in the market exceeds 16%.  To  note, VTB Bank (Armenia) CJSC became a member of the international  financial group VTB in April 2004. Currently, the second largest in  Russia, PJSC "VTB Bank " owns 100% of shares of VTB Bank (Armenia).   The bank traditionally ranks among the leaders of the banking system  of the Republic of Armenia by major indicators. In terms of coverage  of its branch network, VTB Bank (Armenia) holds the lead - 67  branches with a presence both in the capital and in all regions of  the country.