YEREVAN, September 29. / ARKA /. VTB Bank (Armenia) has improved the terms of lending to small businesses, saying in a press release that it has been paying a special attention to this segment of the economy.
“We offer loans to small business in the Armenian national currency at reduced interest rates – beginning from 13% and lines of credit beginning from 14%. The maturity of business loans for replenishment of fixed assets is up to 60 months, and for replenishment of working capital is up to 36 months “, according to the press release.
Loans and credit lines are provided to individual entrepreneurs and legal resident entities which have been engaged in trade, construction, manufacturing, service delivery and others businesses for at least 6 months.
“VTB Bank (Armenia) is constantly working on expanding its line of products for small businesses; we develop our programs by taking into account the needs of our customers and the peculiarities of their business,” the press release said.
More information is available at the bank’s official website www.vtb.am.
VTB (Bank Armenia) cjsc is owned entirely by Russian VTB Group. It runs 67 branches across Armenia, more than any other local bank.-0-
