YEREVAN, June 26. /ARKA/. VTB (Armenia) is reporting increased demand for its “Fast” loan product, designed for clients operating in the agricultural sector. In the first half of 2026, the volume of loans issued under this product increased by 27% compared to the same period last year, the bank’s press service reported.
Loan funds can be used to replenish fixed and working capital, cover current expenses, and repurchase existing agricultural loans with an additional limit of up to 30% of the refinanced loan amount.
Applications are reviewed based on the borrower’s credit history without a financial analysis, significantly simplifying and accelerating the financing process. A loan decision is made within two hours of submitting a complete set of documents, and funds are disbursed within three business days.
“We are seeing a steady increase in interest in the ‘Bystry’ product from representatives of the agricultural sector. For agricultural producers, prompt decision-making and access to financing during the peak seasonal season are particularly important. Therefore, we have simplified the application review process as much as possible and reduced loan issuance times. The growth in lending volumes confirms the product’s popularity and client trust in the bank. Going forward, we will continue to develop solutions aimed at supporting agriculture and increasing financial accessibility for companies in the sector,” commented Evgeny Motovilov, Deputy CEO and Chairman of the Management Board of VTB (Armenia).
This product finances companies operating in livestock farming, crop production, greenhouse farming, dried fruit production, agricultural processing, and agricultural services.
The annual nominal interest rate on the ‘Bystry’ loan is 14.2% (effective interest rate: from 20.2% to 22.78%). Loan amounts range from 300,000 to 20 million Armenian drams, with loan terms ranging from 2 to 5 years.
Detailed loan information is available on the official VTB (Armenia) website or at any bank branch.
VTB Bank (Armenia) CJSC is regulated by the Central Bank of Armenia.
