YEREVAN, October 6. / ARKA /. The Russian-owned Bank VTB (Armenia) in cooperation with Bank VTB (Georgia) has designed a special offer for Armenian motorists wishing to buy cars in Georgia. The bank said in a press release that the offer called Avtotranzit (special plastic cards) is the best and simplest way to buy a car in Georgia.

According to the press release, the plastic card has several advantages: the client receives loan approval in Armenia after choosing a car in Georgia, it takes two hours to make the assessment, insurance and registration at Bank VTB (Georgia); the down payment, which in case of a usual auto loan is paid by the buyer to the seller is used for the customs clearance of new car. In addition, the number of imported vehicles is not limited. According to Bank VTB (Armenia) CEO, Valery Ovsyannikov, the new offer is available since October.

"This loan is suitable for those clients who want to buy a car in Georgia and import it to Armenia. One of its advantage is customs clearance of the vehicle, which is implemented at the expense of the down payment. Besides, buying a car before the end of 2011, the client will receive a free insurance policy valid until the end of the year," Ovsyannikov was quoted as saying.

Bank VTB (Armenia) is fully owned by Russia’s second largest VTB Bank. It has 68 branches across Armenia, the widest network in the banking sector.  -0-