YEREVAN, December 19. /ARKA/. In tune with its strategy of providing loans on the best terms, the VTB Bank (Armenia) has announced today a New Year lending campaign with lower effective interest rates, saying in a press release that the loans are to be secured by gold items.

The bank said the nominal annual interest rate starts from 0%, the loan amount is up to 150% of the estimated value of the gold items, the loan repayment period is up to 2 years, while the loan repayment manner is chosen by the client.

Besides, VTB Bank (Armenia) has a special offer for refinanced Lombard loans. By relocating loans from other banks or credit organizations to VTB Bank (Armenia) against the pledge of gold items, customers will be able to seek a loan 40% more from the estimated value of the pledge.

When signing a contract for this type of loan, customers are offered the following advantages: if necessary, the bank can provide a new loan for repaying a loan taken from another bank and signing a new loan agreement with VTB Armenia Bank under more favorable conditions.

The decision on granting the loan is made within a few minutes, loan processing takes place on the spot and also takes only a few minutes, to obtain a loan the client is required to submit an identity document and a social card.

For more information about the terms of lending at VTB Bank (Armenia), one may visit any of its branches, its official website at www.vtb.am, or call 87-87

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 69 branches all over Armenia’s territory - the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0---