Fast Bank offers a credit line secured by FTN collateral

In a first for Armenia, customers can now use their digital FTN assets to secure a credit line, thanks to the collaboration between Fast Bank and Fastex. Through FastX, Fast Bank customers can obtain a credit line backed by FTN collateral—with the first 30 days being interest-free.

 

To access FastX, users simply need to log into the Fast Bank mobile app, navigate to the “Loans” section, and tap the “New Loan” button. The Bank will then present the maximum available credit limit. The entire process takes just minutes, and full credit line details are available under the “Credit Lines” subsection.

 

Fast Bank’s IT Project Manager, Narine Andreasyan, noted:
"Innovation has always been a driving force at Fast Bank. When launching FastX, we aimed to understand our customers' needs and offer the most effective solutions."

 

Fastex’s Business Development Director, Armen Baghdasaryan, emphasized:
"This jointly developed toolkit is a testament to our productive collaboration and commitment to staying ahead of the curve."

 

Fast Bank is also the first in Armenia to establish a secure and seamless connection between customers’ crypto assets and fiat funds, fully integrated into both the Fast Bank and Fastex Exchange applications.

 

Fast Bank is a digitally focused institution operating 24/7 across Yerevan and all regions of Armenia.

Fast Bank is regulated by the Central Bank of Armenia.