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VTB Bank (Armenia) plans to offer international factoring services next year
YEREVAN, November 23. / ARKA /. The Russian-owned VTB Bank (Armenia)
plans to offer next year international factoring services to Armenian
industrial companies, the bank's chief executive officer, Yuri Gusev,
told a news conference today. He said the bank's lending is available
to all corporate companies, including those engaged in agriculture.
"Our corporate lending strategy is designed to improve our products
and technologies and offer new products that will help Armenian
exporters to work with peers in the CIS," he said.
"We are preparing a program to start offering also micro loans from
the second quarter of 2013 and challenge the banks and crediting
institutions that have been working in this sector for years,'said
Gusev.
VTB Bank (Armenia), Armenia's previous Savings Bank, was acquired by
Russian VTB group in 2004. The bank runs 69 branches across Armenia,
more than any other bank. -0-
From: Baghdasarian
YEREVAN, November 23. / ARKA /. The Russian-owned VTB Bank (Armenia)
plans to offer next year international factoring services to Armenian
industrial companies, the bank's chief executive officer, Yuri Gusev,
told a news conference today. He said the bank's lending is available
to all corporate companies, including those engaged in agriculture.
"Our corporate lending strategy is designed to improve our products
and technologies and offer new products that will help Armenian
exporters to work with peers in the CIS," he said.
"We are preparing a program to start offering also micro loans from
the second quarter of 2013 and challenge the banks and crediting
institutions that have been working in this sector for years,'said
Gusev.
VTB Bank (Armenia), Armenia's previous Savings Bank, was acquired by
Russian VTB group in 2004. The bank runs 69 branches across Armenia,
more than any other bank. -0-
From: Baghdasarian