YEREVAN, January 21. /ARKA/. VTB Bank (Armenia) began cooperation with the Yerevan Factory of Sparkling Wines in December 2020 as part of a government program designed to subsidize interest rates on loans provided to economic entities engaged in the agro-processing sector, providing it with funds for purchase of raw materials.
According to the press service of the bank, in addition to credit products, the company also uses its services for settlement and cash transactions.
“The Yerevan Factory of Sparkling Wines is the only producer of the entire range of sparkling wines , including classic and collection types in Armenia by using French technology. The factory is equipped with modern production technology, a quality control laboratory and highly qualified specialists. All manufactured products are certified in compliance with the required standards. In addition to sparkling wines, the company also produces wine and vodka products and cognacs aged from 3 to 10 years.
Currently, the factory is one of the leading alcoholic beverage producing companies in Armenia, exporting its products to Russia, Lithuania, Latvia, France and China.
“VTB Bank (Armenia) actively promotes the development of agricultural processing enterprises in Armenia, continuing to finance investments in their fixed assets and working capital, in industries with significant development potential,” the bank said.
Loan products of VTB Bank (Armenia) are provided to entrepreneurs for solving a wide range of tasks at different stages of business development. Lending to medium-sized companies involves financing through various loan products and financial instruments for various terms and purposes, such as investment in a business, acquisition of fixed and current assets, as well as refinancing of debts at other financial institutions, depending on the scope and characteristics of the business.
The purpose of the loan is to finance trade transactions, short-term investments, purchase of equipment and raw materials, replenishment of working capital and covering accounts payable.
For the purpose of mutually beneficial cooperation, an individual approach is applied to each client, taking into account the peculiarities of their business activity.
More detailed information about the bank’s lending products, designed specifically for small and medium-sized businesses can be obtained on its official website here , at its branches or by calling the Contact Center at 87-87.
The bank is controlled by the Central Bank of Armenia.
VTB Bank (Armenia) became a member of the international financial group VTB in April 2004. At present, PJSC VTB Bank, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia). -0-
