YEREVAN, May 18. /ARKA/. VTB Bank (Armenia) doesn’t rule out probability of retail segment’s appearance in agriculture market, Valery Ovsyannikov, director general of VTB Bank (Armenia), said Wednesday in Novosti International Press Center answering the question ARKA News Agency put to him.
“We are thinking over the matter and preparing a new product,” he said.
Ovsyannikov said that the bank is lending money to the agriculture sector, but concentrates its focus on processing enterprises and the companies releasing final products, such as canned food and juices.
“We will continue working in this direction and will build up volumes,” he said.
VTB Bank Armenia joined VTB Group in April 2004. The VTB holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 68 branches all over Armenia’s territory. Of them, 24 are in Yerevan and 44 in Armenia’s provinces.
The number of the bank’s ATMs rose to 59 and POS terminals to 400 in 2010. ($1 = AMD 373.74). -0—
