Fri, 27 February
5.1 C
Yerevan
USD: 377.00 RUB: 4.88 EUR: 444.78 GEL: 140.99 GBP: 507.97

VTB Bank (Armenia) not to impose penalties for overdue loan payments until May 31

YEREVAN, May 3. /ARKA/. Payments on VTB Bank (Armenia) loans, scheduled for May 2 to May 31, inclusive, can be made until May 31, 2018, the bank’s press service reported.

“The failure to make payments in the specified period will not be regarded as overdue, and no penalties or fines will be imposed,” the bank said.

For payments on grace cards, the grace period will be extended until May 18 inclusive (instead of May 5 for Classic cards, instead of May 10 for Gold cards and instead of May 15 for Infinite cards).

The bank reported that payments may be made not only in the bank’s branches, but also through payment terminals TelCell, EasyPay, Internet and the Mobile Bank service of VTB Bank (Armenia).

VTB Bank (Armenia) CJSC became a part of the VTB international financial group in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). It runs 67 branches in the country. -0-

spot_img

POPULAR

Assets of Armenian Credit Institutions Grew by 11.93% to AMD 859.9 Billion in 2025

The total assets of Armenia's credit institutions as of December 31, 2025, amounted to AMD 859.9 billion, an increase of 11.93% compared to December 31, 2024.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

Ranking of largest credit institutions in Armenia by asset volume in 2025

ARKA News Agency has published a ranking of Armenia's largest credit institutions by total assets for 2025.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

The credit and leasing portfolio of Armenian credit institutions in 2025 amounted to 659.7 billion drams

The total credit and leasing portfolio of Armenian credit institutions as of December 31, 2025, amounted to 659.7 billion drams, an increase of 13.96% compared to the same period in 2024.

LATEST NEWS

spot_imgspot_imgspot_img