Mon, 24 November
-2.9 C
Yerevan
USD: 381.61 RUB: 4.83 EUR: 439.65 GEL: 141.15 GBP: 498.57

VTB Bank (Armenia) refunds 80 million drams as part of super interest rate offer

YEREVAN, January 25. /ARKA/. The VTB Bank (Armenia) has refunded more than 80 million drams to those of its customers who were provided with installment loans as part of special offer, called “Super Interest Rate.”

According to the Russian-owned bank, borrows get back 20% of the principal amount immediately after the final repayment. The only conditions are s that the loan is six month long and monthly payment are made in due time.

The installment loans are processed by more than 300 stores in Armenia. Clients do not need to visit a bank’s branch. They need to have on them only a passport and the social card. It takes the bank 10 minutes to decide whether to provide the loan or not.

More information about the terms of this special offer can be found on the website of VTB Bank (Armenia), at its branches and by calling 87-87.

VTB Bank (Armenia) CJSC is owned by Russian VTB Bank. It runs 67 branches in Armenia. -0 ($ 1 – 480.77 drams) -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

US dollar and ruble exchange rates rise against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market on November 18, 2025, increased by 0.29 points compared to November 17, reaching 382.01 drams.

LATEST NEWS

spot_imgspot_imgspot_img