Wed, 3 September
29.6 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) becomes key partner of “Available Housing for Young Specialists” program

YEREVAN, March 22. /ARKA/. VTB Bank (Armenia) has become the key partner of “Available Housing for Young Specialists” program, the press office of the bank reported on Friday. According to the press release, the foundation-laying ceremony of Veratsnund Youth Town took place on March 22.

It was reported earlier that VTB Bank (Armenia) has won a tender and has become the main financial partner to this program, which is being implemented by the Union of the Yerevan State University Graduates.

VTB Bank (Armenia) will provide mortgage loans for purchasing apartments in the apartment blocs located in Monte Melkonyan Street. An appropriate cooperation agreement was signed at the foundation-laying ceremony, and the program beneficiaries put their message to future generations in the foundation.

VTB Bank (Armenia) will provide loans to beneficiaries from its own financial resources. The bank offers mortgage loans for up to 30 years, for a 10-to-20-percent prepayment and at a 10.8% annual interest rate.

VTB Bank (Armenia) is always paying special attention to development of Armenia’s mortgage sector and realizes the importance of mortgage lending – one of the most important factors of the country’s economic and social development.

The bank is always ready to provide loans very quickly and on the best terms and to contribute to the comfort of Armenia’s young specialists.

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) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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

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

LATEST NEWS

spot_imgspot_imgspot_img