18.04.2013 15:03
YEREVAN, April 18. /ARKA/. VTB Bank (Armenia) said Thursday it applied to the law enforcement agencies to initiate a criminal case against the individuals who had violated the contract regulations with the bank.
Since October 2011, VTB Bank (Armenia) has been offering POS lending to the residents of Armenia (POS loans enable durable goods to be bought and paid for in installments). During that period the bank has reached agreements with many organizations operating in Armenia, particularly those selling computer hardware and household appliances.
Thus, in order to buy goods in installments from the organizations mentioned above, individuals should sign a contract with VTB Bank (Armenia) and strictly fulfill all their commitments. In accordance with the contract, goods that are paid for in installments are to secure the loan. A selling company is obliged to preserve the loan distribution order and all the other conditions within the contract.
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