Tuesday, July 29 2014

In Q2 2014 VTB Bank (Armenia) confirmed its leadership in lending.

According to the press service of VTB Bank (Armenia), as of July 1 2014 the bank's loan book exceeded 230bln AMD (1.4% growth in Jan-June 2014). This is 12.4% of all loans in Armenia's banking system. 

VTB Bank (Armenia) continues to actively finance construction, food industry, agriculture, trade and commerce and to develop POS, mortgage and auto lending. 74% of the bank's assets are loans.  

In Jan-June 2014 the assets of VTB Bank (Armenia) grew by 3.4 to 312.5bln AMD (2nd place among Armenia's banks) or 10.7% of all assets in Armenia's banking system. The capital grew by 18% to 44bln AMD (one of the five biggest capitals in the banking system).

"VTB Bank (Armenia) is improving its lending activities. We offer flexible and attractive terms, a wide range of products and an individual approach to each borrower," says the bank's CEO Yuri Gusev.

As of July 1 2014 the bank's obligations made up 268bln AMD (2nd place among all Armenian banks, 77% growth as compared with July 1 2013 and 1.3% growth in Jan-June 2014). This is 11% of all obligations in Armenia's banking system. 

As of July 1 2014 VTB Bank (Armenia) registered the third biggest accumulated profit in Armenia's banking system – 17.8bln AMD (16.8% more than on July 1 2013). This is 41% of the total capital and 48% of the authorized capital.

VTB Bank (Armenia) joined VTB Group in Apr 2004. 100% of its shares are owned by VTB Bank. The bank has the biggest branch network in Armenia (67 branches all over the country).