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"VTB" Bank Armenia Establishes Hypothec Center In Yerevan

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  • "VTB" Bank Armenia Establishes Hypothec Center In Yerevan

    "VTB" BANK ARMENIA ESTABLISHES HYPOTHEC CENTER IN YEREVAN

    Panorama.am
    15:41 29/04/2008

    'VTB' Bank (Armenia) CJSC plans to establish hypothec specialized
    center in Yerevan, said Valeri Ovsyanikov the chief director of VTB
    Armenia, in a press conference held on today. He said that the mission
    of the center is to improve the hypothec project level.

    In the future when the construction and hypothec market are developed
    in regions, the bank will establish common centers there.

    According to Ovsyanikov, in the end of 2007 large scale increase in
    hypothec figures was registered.

    "But we do not want to stop on that and now we plan projects with our
    colleagues," he said. In the future the bank is intended to increase
    its hypothec portfolio and to occupy the first place in Armenian
    hypothec market.
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