YEREVAN, September 18. /ARKA/. VTB Bank (Armenia) is one of the leading banks in the country in terms of financing the industrial sector, Armenak Darbianian, a member of the Central Bank of Armenia Board, told reporters last Friday.
He said about 75% of the total assets of the bank ares channeled into the industrial sector and the bulk of it goes to the mining industry.
“VTB Bank (Armenia) interacts with the leading mining enterprises of Armenia planning to step up its investment in this segment. This past April the bank helped open the new building of Agarak copper and molybdenum combine, equipped with modern automated technology,’ he said.
Darbinian also said that in the last five years VTB Bank (Armenia) increased annually its assets by 30% and the credit portfolio by 40%.
Last year the credit portfolio of VTB Bank (Armenia) increased by 41.8% to 122.7 billion drams. Its total assets in the II quarter of 2012 amounted to 181.5 billion drams (up 2.3%).
Bank VTB (Armenia) is owned by the second largest Russian VTB bank. It has 69 branches across Armenia, more than any other Armenia-based bank. -0-
