VTB Bank (Armenia) has offers "Super- rate", a special offer for its conscientious customers that redeem the loans by installments timely (within 6 months). Following the full redemption of the loan, the borrowers regain 10% of the total amount of the interest paid.
The press service of the Bank has told ArmInfo that the Bank's customers are provided with a loan by installment at over 300 trade outlets of VTB Bank's partners without any advance payment at an interest rate starting from 10% p.a. Having properly made the monthly payments and completely redeemed the loan, the conscientious borrowers regain 10% of the loan interest paid. The source says that the decision to provide the loan is taken within minutes and requires a passport (or an ID card) and a social card. The service "Loan by installments" - was launched in late 2011 and has already become very popular. The customers can receive detailed information on the "Super-rate" offer by visiting the Bank's website www.vtb.am or dialing 87- 87.
According to ArmInfo's Rating of Banks of Armenia, as of Apr 1 2015 VTB Bank (Armenia) is among TOP-3 banks by the loan portfolio - over 223bln AMD (nearly 70% of total assets), with the retail lending accounting for over 40% of total. The consumer loans of the bank totaled 71.1 bln drams accounting for over 79% in the total retail loan portfolio. In 2014, VTB Bank (Armenia) increased its consumer loan book by 12.4%.
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. It has 67 branches all over the country (the largest branch network in Armenia).