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BANK VTB (ARMENIA) PLANS TO EARN AT LEAST 5.2 BILLION DRAMS IN NET PROFITS THIS YEAR: DEPARTMENT HEAD SAYS
/ ARKA /
May 18, 2011
YEREVAN
Yuri Gusev, head of the financial department of the Russian-owned
Bank VTB (Armenia) said today it plans to earn at least 5.2 billion
drams in net profits this year. According to Valery Ovsyanikov, the
chief executive officer of bank, in the first quarter of 2011 Bank VTB
(Armenia) earned 1.3 billion drams in net profits.
Speaking at a news conference Gusev said the bank did a great job
last year and made large infrastructure investments and hopes to get
payback .
According to the bank's data, its assets as of March 31 stood
at 136.9 billion drams growing by 7.4% from December 2010, the
outstanding credit portfolio grew by 14.8% to 99.4 billion drams,
combined liabilities grew by 8.2% to 106.1 billion drams, the volume
of deposits grew by 10.8% to 64.8 billion drams, the total capital
increased by 5.2% to 30.8 billion drams and charter capital stayed
at previous level of 13.8 billion drams.
Valery Ovsyanikov said the bank has increased lending to individual
clients by 12% as the number of its customers has grown by 40,000 over
the last 5 years to 270,000. The bank also accounts for about 9% of all
individual deposits. The number of card holders has risen five times,
the number of ATMs by 7 times and that of POS terminals by six times.
He said at the end of quarter one the bank accounted for 8.7% of
lending to individuals, for 5.1% of attracted corporate deposits. The
bank handles about 6 000 corporate clients including 150 largest
Armenian companies and 30 companies with Russian capital.
Bank VTB (Armenia) is owned by Russian Bank VTB. It has 68 branches
across Armenia, 24 in Yerevan and 44 outside it. It also operates 59
ATMs and 400 POS terminals.($1 - 373.74 drams).
/ ARKA /
May 18, 2011
YEREVAN
Yuri Gusev, head of the financial department of the Russian-owned
Bank VTB (Armenia) said today it plans to earn at least 5.2 billion
drams in net profits this year. According to Valery Ovsyanikov, the
chief executive officer of bank, in the first quarter of 2011 Bank VTB
(Armenia) earned 1.3 billion drams in net profits.
Speaking at a news conference Gusev said the bank did a great job
last year and made large infrastructure investments and hopes to get
payback .
According to the bank's data, its assets as of March 31 stood
at 136.9 billion drams growing by 7.4% from December 2010, the
outstanding credit portfolio grew by 14.8% to 99.4 billion drams,
combined liabilities grew by 8.2% to 106.1 billion drams, the volume
of deposits grew by 10.8% to 64.8 billion drams, the total capital
increased by 5.2% to 30.8 billion drams and charter capital stayed
at previous level of 13.8 billion drams.
Valery Ovsyanikov said the bank has increased lending to individual
clients by 12% as the number of its customers has grown by 40,000 over
the last 5 years to 270,000. The bank also accounts for about 9% of all
individual deposits. The number of card holders has risen five times,
the number of ATMs by 7 times and that of POS terminals by six times.
He said at the end of quarter one the bank accounted for 8.7% of
lending to individuals, for 5.1% of attracted corporate deposits. The
bank handles about 6 000 corporate clients including 150 largest
Armenian companies and 30 companies with Russian capital.
Bank VTB (Armenia) is owned by Russian Bank VTB. It has 68 branches
across Armenia, 24 in Yerevan and 44 outside it. It also operates 59
ATMs and 400 POS terminals.($1 - 373.74 drams).