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VTB BANK (ARMENIA) TOPS THE LIST OF BANKS BY SIZE OF LENDING IN THIRD QUARTER OF 2014
YEREVAN, October 27. / ARKA /. VTB Bank (Armenia) was the leading
bank in the country in terms of credit investments in the third
quarter of 2014 with a loan portfolio growing to 224.3 billion drams,
an increase of 3.3 percent compared with the beginning of the year.
The Russian-owned bank accounted for 11.8 percent of the overall
lending provided by all the banks in the third quarter.
"VTB Bank (Armenia) continues to fund construction, food and
agriculture sectors, as well as trade and commerce, developing
concurrently POS-lending, mortgage and car loans," the bank said in
a press release.
Besides, the bank's assets in the third quarter grew by 2.2 percent
from the beginning of the year to about 306 billion drams, the press
release says.
VTB Bank (Armenia) CEO Yuri Gusev was quoted as saying that improvement
of loan products, facilitation of customer access to bank resources,
flexible and wide range of loan products have been instrumental in
achieving good indicators.
VTB Bank (Armenia) is owned fully by Russian VTB Bank. It runs 67
branches across Armenia, more than any other local bank.
The bank's liabilities as of October 1, 2014 stood at 260.8 billion
drams and its capital - at about 45.6 billion drams. In the third
quarter it earned 870.8 million drams in net profit, by 78% less from
the year before. ($ 1 - 409.29 drams). -0
http://arka.am/en/news/business/vtb_bank_armenia_tops_the_list_of_banks_by_size_of _lending_in_third_quarter_of_2014/#sthash.ViUMWI34.dpuf
YEREVAN, October 27. / ARKA /. VTB Bank (Armenia) was the leading
bank in the country in terms of credit investments in the third
quarter of 2014 with a loan portfolio growing to 224.3 billion drams,
an increase of 3.3 percent compared with the beginning of the year.
The Russian-owned bank accounted for 11.8 percent of the overall
lending provided by all the banks in the third quarter.
"VTB Bank (Armenia) continues to fund construction, food and
agriculture sectors, as well as trade and commerce, developing
concurrently POS-lending, mortgage and car loans," the bank said in
a press release.
Besides, the bank's assets in the third quarter grew by 2.2 percent
from the beginning of the year to about 306 billion drams, the press
release says.
VTB Bank (Armenia) CEO Yuri Gusev was quoted as saying that improvement
of loan products, facilitation of customer access to bank resources,
flexible and wide range of loan products have been instrumental in
achieving good indicators.
VTB Bank (Armenia) is owned fully by Russian VTB Bank. It runs 67
branches across Armenia, more than any other local bank.
The bank's liabilities as of October 1, 2014 stood at 260.8 billion
drams and its capital - at about 45.6 billion drams. In the third
quarter it earned 870.8 million drams in net profit, by 78% less from
the year before. ($ 1 - 409.29 drams). -0
http://arka.am/en/news/business/vtb_bank_armenia_tops_the_list_of_banks_by_size_of _lending_in_third_quarter_of_2014/#sthash.ViUMWI34.dpuf