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Valery Ovsyannikov Appointed Director General Of Armenian VTB Leasin

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  • Valery Ovsyannikov Appointed Director General Of Armenian VTB Leasin

    VALERY OVSYANNIKOV APPOINTED DIRECTOR GENERAL OF ARMENIAN VTB LEASING

    arminfo
    2008-04-03 15:54:00

    ArmInfo. Valery Ovsyannikov is appointed Director General of Armenian
    VTB Leasing Credit Company. VTB Leasing CJSC press-service told
    ArmInfo that Armenian Central Bank Council registered and licensed
    VTB Leasing on March 28. The company is the subsidiary of Russian
    VTB-Leasing Company.

    The source reports the mission of the given company is to help
    reequipping the dynamically growing enterprises in Armenia and
    making them competitive through provision of an effective and
    accessible mechanism of acquiring and modernizing the main production
    facilities. The company's goal is to increase the client base of the
    subsidiaries of VTB-Leading OJSC and VTB-Group, in general, as well as
    to get a leading position in the Armenian market of leasing services.

    To recall, V. Ovsyannikov has been occupying the post of Director
    General and Chairman of VTB-Bank (Armenia) Directorate since early
    March 2007.

    By data of VTB Leasing, VTB-Leasing OJSC is a universal
    leasing company. VTB Bank OJSC holds the 100pct stake in the
    company. VTB-Leasing OJSC capital totaled $146 million in 2007 in
    conformity with IFRS. The company's assets exceeded $3.46 billion,
    and net profits totaled $77.9 million. Fitch Ratings and Standard&Poor
    gave the company BBB+/Stable credit rating. VTB-Leasing OJSC has
    regional structural offices in 11 cities in Russia and subsidiaries
    in the Ukraine, Cyprus, Belarus and Armenia. Before registration
    of VTB Leasing CJSC, there were 2 leasing companies in Armenia:
    ACBA Leasing and Agroleasing. The summary credit portfolio of these
    companies made up $9.7 million, total assets - $12.5 million, total
    capital - $3.6 million as of January 1 2008.
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