YEREVAN, May 23. /ARKA/. In the first quarter of 2016 VTB Bank (Armenia) has seen a twofold year-on-year increase in the number of applications from its customers to restructure their loans.
"In an unstable economic situation, VTB Bank (Armenia) pays special attention to the support of its customers and restoration of their solvency. One of the main tools for solving this problem is to restructure their loans,' the bank said in a press release.

Since January 1, 2016 to April 30, 2016 the Bank considered 241 individual loan restructuring applications satisfying only 23% of them.

Incidentally, 63% of applications were denied because customers appeared to be unable to produce all the required documents.

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Tags: LOAN, RESTRUCTURE, VTB Bank (Armenia)

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A deputy governor of the Central Bank said today Armenia may seek to restructure its state foreign debt this year. Speaking at a briefing in the government Vache Gabrielian said the move would not mean that Armenia would appear in a worse condition or fall under political pressure.

Categories: Economy @en, News | Comments Off on Armenia may seek to restructure its foreign state debt this year: cb deputy governor

Tags: Armenia, bank @en, RESTRUCTURE

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