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VTB Bank (Armenia) unveils new type of loan for small businesses

04.11.2021 12:42

VTB Bank (Armenia) unveils new type of loan for small businesses

YEREVAN, November 4. /ARKA/. VTB Bank (Armenia) said today that individual entrepreneurs and legal entities can now apply for loans up to 200 million drams to develop their businesses.

According to a bank’s press release, the interest rate for loans in Armenian national currency, the dram is 14% or 11.5% for loans in Russian rubles (the effective interest rates are 15.4% and 12.6%, respectively).

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