YEREVAN, May 18. / ARKA /. Yuri Gusev, head of the financial department of the Russian-owned Bank VTB (Armenia), said today it plans to increase its outstanding credit portfolio by 25-30% this year.
In the first three months of 2011 the bank increased its credit portfolio by 14.8% from the fourth quarter of 2010 to 99.4 billion drams.
‘The current lending dynamic suggests that we are moving forwards in line with our business plan,’ he said to a news conference today y at Armenia-Novosti international press center.
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). -0-
