Thu, 31 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Bank VTB (Armenia) launches special offer for Armenian motorists wishing to buy cars in Georgia

YEREVAN, October 6. / ARKA /. The Russian-owned Bank VTB (Armenia) in cooperation with Bank VTB (Georgia) has designed a special offer for Armenian motorists wishing to buy cars in Georgia. The bank said in a press release that the offer called Avtotranzit (special plastic cards) is the best and simplest way to buy a car in Georgia.

According to the press release, the plastic card has several advantages: the client receives loan approval in Armenia after choosing a car in Georgia, it takes two hours to make the assessment, insurance and registration at Bank VTB (Georgia); the down payment, which in case of a usual auto loan is paid by the buyer to the seller is used for the customs clearance of new car. In addition, the number of imported vehicles is not limited. According to Bank VTB (Armenia) CEO, Valery Ovsyannikov, the new offer is available since October.

“This loan is suitable for those clients who want to buy a car in Georgia and import it to Armenia. One of its advantage is customs clearance of the vehicle, which is implemented at the expense of the down payment. Besides, buying a car before the end of 2011, the client will receive a free insurance policy valid until the end of the year,” Ovsyannikov was quoted as saying.

Bank VTB (Armenia) is fully owned by Russia’s second largest VTB Bank. It has 68 branches across Armenia, the widest network in the banking sector.  -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img