YEREVAN, March 24. /ARКА/. VTB Bank (Armenia) keeps on expanding its partner network and car lending opportunities, unveiling attractive offers designed specifically for its customers wishing to purchase new cars from car dealerships, the bank said in a press release.

According to it, VTB Bank (Armenia) and KIA MOTORS car dealership are launching a new joint car loan program, offering customers a wide range of KIA cars at unprecedented favorable terms.

KIA MOTORS is the official representative of KIA cars in Armenia. The company is engaged in the sale of cars and spare parts, as well as warranty and post-warranty maintenance of imported KIA vehicles. Having rich experience in the field of sales and service of cars, the priority principle of the KIA MOTORS company is an individual approach to each client, based on their needs and desires.

The procedure for applying for a loan within the framework of the joint car loan program of VTB Bank (Armenia) with KIA MOTORS is simplified and made convenient as much as possible. Clients can apply for a car loan directly at the car dealership without visiting a bank's branch.

The decision to issue a loan is made in a few hours. The client has to visit only once the car dealership to conclude a car sale and purchase transaction, after which the client can immediately pick up the car from the car dealership without waiting for the loan to be issued.

The loan is provided on the following basic terms:

• loan amount - from AMD 1 million to AMD 28 million,

• annual interest rate - 14.5%; for clients who receive their salaries on VTB Bank (Armenia) cards, the interest rate is reduced by 1% (the effective loan rate is 16% -19.9%),

• prepayment starts from 10%.

An application for a car loan can be submitted by all residents of Armenia aged 21 to 65, presenting a minimum package of documents - an identity document and a social security card.

As part of lending, the bank concludes CASCO car insurance for the entire term of the loan without any additional payments.

More detailed information about the car loan program, current tariffs and commissions can be obtained on the official website of the bank at https://www.vtb.am/ru/credits#avtovark#, at its branches or by calling the Contact Center at 87-87, as well as on the official website of the KIA MOTORS dealership at  https://www.kia.am/ or by calling (+374 11) 777-222.

VTB Bank (Armenia) is supervised by the Central Bank of Armenia.

VTB Bank (Armenia) cjsc became a member of the international financial group VTB in April 2004. At present, PJSC VTB Bank, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia). ($1 - 528.32 drams). -0-