Sat, 18 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

VTB Bank (Armenia) advises clients to apply for loans directly to bank, without mediators

YEREVAN, September 26. /ARKA/. VTB Bank (Armenia) advises clients to apply for loans directly to the bank, without mediators.

“Cases of loan formalization trough mediator companies have become frequent in Armenia,” the bank says in a press release. “They, gaining citizens’ confidence and deluding them, promise support in receiving loans referring to cooperation with the bank. Later, providing incorrect information to borrowers, they demand high commissions putting such people in a difficult situation.”

VTB Bank (Armenia) warns clients against dealing with loan-mediating companies and reminds them that it doesn’t use any mediation.

“If you want to receive a loan, we recommend you to apply directly to VTB Bank (Armenia) branches without resorting to mediators’ services,” the bank’s press office says. “The bank’s branches all over Armenia’s territory provide various kinds of loans either to individuals or to legal entities. To receive detailed information you can visit the bank’s branches, call 87-87 or visit the official website www.vtb.am&quot.”

VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

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.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img