YEREVAN, September 26. /ARKA/. VTB Bank (Armenia) advises clients to apply for loans directly to the bank, without mediators.

“Cases of loan formalization trough mediator companies have become frequent in Armenia,” the bank says in a press release. “They, gaining citizens’ confidence and deluding them, promise support in receiving loans referring to cooperation with the bank. Later, providing incorrect information to borrowers, they demand high commissions putting such people in a difficult situation.”

VTB Bank (Armenia) warns clients against dealing with loan-mediating companies and reminds them that it doesn’t use any mediation.

“If you want to receive a loan, we recommend you to apply directly to VTB Bank (Armenia) branches without resorting to mediators’ services,” the bank’s press office says. “The bank’s branches all over Armenia’s territory provide various kinds of loans either to individuals or to legal entities. To receive detailed information you can visit the bank’s branches, call 87-87 or visit the official website www.vtb.am&quot.”

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) 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---