VTB Bank (Armenia) offers more beneficial terms for gold-secured lombard loans at a nominal interest rate of 22%. The press office of the Bank has told ArmInfo that the maximum amount of the loan is 3 million AMD. Gold items and diamonds (both on the gold items and separately) are accepted as a collateral. The Bank offers a favorable appraisal value to the customers and the loan-collateral ratio is 100%.
The source says that the given loan is provided in cash in AMD terms. The customers are to submit an ID document and a social card. The loan is provided within 20 minutes at any of the 65 branches of VTB Bank (Armenia).
One can receive more detailed information about the loan terms by contacting the Call Center of VTB Bank (Armenia) dialing 87-87, as well as by visiting the official website of the Bank at: //ru.vtb.am/retail/credits/goldcredit/index.php
According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), as of 1 October 2015, VTB Bank (Armenia) retains leadership in terms of consumer lending - 63.8 billion AMD. The share of consumer lending in the Bank's loan book is about 33%, and the share of consumer loans in the retail lending is almost 79%.
To recall, VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has the largest branch network in Armenia.