ArmInfo. VTB Bank (Armenia) proposes to issue a convenient and practical loan option - on the security of available real estate in case of a significant amount of necessity. As the press service of the Bank told ArmInfo, these are AMD loans and they are issued to residents of the RA, whose age at the time of consideration of the application reached 23 years.
According to the source, the repayment term for these loans ranges from 1 to 5 years, the minimum interest rate is 15% per annum, the maximum loan amount is 15 million AMD. As a deposit, real estate is accepted in the cities: Yerevan, Gyumri, Abovyan, Echmiadzin, Tsakhkadzor, Dilijan, Jermuk, Vanadzor, Armavir, Masis. Real estate valuation is carried out by VTB Bank (Armenia). During the whole term of the loan, the Bank insures real estate.
More detailed information on loan conditions can be obtained at the branches of VTB Bank (Armenia), on the Bank's website www.vtb.am, in the Unified Information Service of the Bank on the number 87-87.
According to the Financial Rating of Armenian Banks as of 30.06.2017, prepared by NA ArmInfo, the portfolio of consumer loans for real estate deposit of VTB Bank (Armenia) was 1.9 billion AMD. In the total portfolio of the Bank's consumer loans, the share of loans secured by real estate (without taking into account mortgages) accounts for 3%. VTB Bank (Armenia) is included in the TOP-3 in terms of lending to individuals - 80.1 billion or over 46% of the total loan portfolio of the bank. In total retail lending on the market, the share of VTB Bank (Armenia) exceeds 10%. (The calculated exchange rate of the dram to the dollar as of June 30, 2017 was 480.47 AMD/USD1).
"VTB Bank (Armenia)" CJSC became a participant of the international financial group VTB in April 2004. At present, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. The coverage of the branch network of VTB Bank (Armenia) has 67 branches with presence not only in the capital, but also in all regions of the country.
ArmInfo. VTB Bank (Armenia), having the widest branch network in Armenia, was one of the first banks in the banking market to join the EarlyOne remote queue management system, thereby greatly simplifying the process and speed of customer service, according to the company's press service.
ArmInfo. VTB Bank (Armenia) expands its line of loan products and presents a new offer on the banking market of the Republic of Armenia - consumer loans issued on the basis of the customer's "Maternity Capital" accounts with VTB Bank (Armenia). The press service of the Bank informed ArmInfo about this.
ArmInfo.Starting from August 1, 2017, customers of VTB Bank (Armenia) can send free money transfers in drams through the UNISTREAM system from 65 branches of the Bank. As ArmInfo was told in the press service of the Bank, transfers will be paid abroad in a currency chosen in advance by the sending client.Sour at the source, transfers of UNISTREAM are free of charge also if the transfer of the transfer is made from abroad to Armenia, and the sender indicates the currency of payment for the transfer of drams.
ArmInfo. VTB Bank (Armenia) launches unsecured loans program for small business representatives - legal entities and private entrepreneurs - up to 7 million AMD with an interest rate of 13.9% without a thorough financial analysis of the client's activity.
ArmInfo. Clients of VTB Bank (Armenia), opening a deposit account or having active deposits, can pledge a consumer loan or a credit line on the security of these funds.
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