VTB Bank (Armenia) offers best mortgage lending terms for affordable housing program

08.11.2018 17:16
VTB Bank (Armenia) offers best mortgage lending terms for affordable housing program

YEREVAN, November 8. /ARKA/. VTB Bank (Armenia) was recognized as the winner of a tender announced for financing the construction of a residential and multifunctional complex Zeytun 3.
The bank offer includes a down payment that begins from 3%, 3.9% annual interest rate and the repayment period of to 30 years.

The construction of the complex is part of a government-designed program called Affordable Housing for Young Professionals, which is implemented with funding from the state-run Housing for the Young Families foundation.

‘Paying special attention to the development of the mortgage lending and realizing its importance as a significant factor in the economic and social development of the country, VTB Bank (Armenia) will issue loans not only under the best conditions, but also as soon as possible,’ the bank said in a press release..

VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). The bank runs 67 branches across Armenia. -0-


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