Newsfeed

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

VTB Bank (Armenia) launches a "Super-rate" offer - conscientious borrowers regain 10% of the loan interest paid

  • Friday, July 11, 18:45

VTB Bank (Armenia) has launched a "Super-rate", a special offer for its conscientious customers. 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 from now on the customers can receive an installment credit at over 700 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 customers can receive detailed information on the "Super-rate" offer by visiting the Bank's website www.vtb.am or dialing 87-87.    

"The "Super-rate" offer combines an opportunity to acquire a product/service and a chance to accumulate and maintain the financial resources. VTB Bank (Armenia) seeks to encourage its conscientious borrowers by refunding a part of their installment credit interest paid. The key point of the offer is the far-sightedness of the customers, who get an opportunity to save on the amount of interest by regaining 10% of the interest paid in case of conscientious monthly payments", says Yuri Gusev, Director General, Chairman of the Management Board of VTB Bank (Armenia).

According to ArmInfo's Rating of Banks of Armenia, as of Apr 1 2014 VTB Bank (Armenia) had the biggest consumer loan book - almost 80bln AMD. The share of consumer loans exceeds 33% in the Bank's total loan portfolio, over 90% in the portfolio retail loans, and about 20% in the aggregate consumer loans of the Armenian banks. In 2013, VTB Bank (Armenia) increased its consumer loan book by 38%. At the yearend of 2013, the Bank's net profit was almost 5 billion AMD (28% year-over-year growth).

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).

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields