Fri, 7 March
2.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img

Bank VTB (Armenia) launches reduced rate consumer loans for Summer

YEREVAN, June 23. /ARKA/. Bank VTB (Armenia) has announced POS loans at lower-than-usual rates during summer, the bank’s press office reported.

The bank’s clients will have an opportunity to take a consumer loan in certain sales points of partner companies at a reduced rate and with no prepayment required, says the report. The loans are extended for three to forty-eight months in partners’ sales and service points across Armenia before September 16, 2014.

Details are available on www.vtb.am, according to the report.

Bank VTB (Armenia) has 690 consumer loan points across Armenia and is among leaders in the consumer crediting market, with simple loan arrangement procedures.

Bank VTB (Armenia) closed joint stock company became a member of VTB financial group in April 2004. The second biggest Russian bank, Bank VTB open joint-stock company, is now the full owner of Bank VTB (Armenia). The bank used to be among leaders of Armenian banking system on a number of basic indicators. Currently the bank has the biggest network in Armenia – 67 branch offices throughout the country.–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate gains 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 3, 2025, amounted to 393.69 drams, having increased by 0.34 points compared to February 28.

Armenia intends to attract funding from the UN Green Climate Fund for climate projects

Armenia plans to secure low-interest loans from the UN Green Climate Fund (GCF) to implement climate change programs.

LATEST NEWS

spot_imgspot_imgspot_img