YEREVAN, December 28. /ARKA/. VTB Bank (Armenia) is launching the last in 2017 campaign offering gold-secured loans, the press office of the bank reported on Thursday.

The offer is in force until January 31, 2018.

The bank will provide loans in drams and in US dollars at 2% and 1% annual interest rates respectively.

The size of a loan amounts to up to 150% of the estimated cost of the collateral, and the repayment term is 90 days.

A lump-sum commission equal to 4% of the total amount will be taken.

Formalization of these gold-secured loans takes just a few minutes. One can visit any of the bank’s offices with his/her passport.

More detailed information can be got by visiting the bank’s offices or calling 87-87.

VTB Bank Armenia (Armenian Savings Bank before June 2006) 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---