Sun, 27 April
21.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

Loan repayment system successful at VTB Bank (Armenia)- CEO Gusev

YEREVAN, November 23. /ARKA/. Loan repayment at VTB Bank (Armenia) proved to be more successful this year than a year earlier, Director General- Chairman of the Board of Directors at VTB Bank (Armenia) Yuri Gusev said in response to ARKA agency’s question.

He highlighted it refers not only to the corporate sector, but also the segment of individuals.

“If we speak of defaults, we mean the system. The system, which refers to the individuals, should pass some development process and become more sustainable. We have passed through this process in 2010-2011, and our repayment system works more successfully in either corporate or individuals sectors,” he said.

In this context, Gusev said this system allows to solve the repayment of troubled loans issue on a new level.

“We see the issues of repayment, sale of pledge are solved through absolutely different and improved approach, and due to this the bank shows the results announced today,” he said noting that “the level we have now, pleases us.”

In general, the 3rd Q credit portfolio of VTB Bank (Armenia) reports 140 billion drams. Lending to individuals rose 36.8% to 60.909 million drams from December 30, 2011. Lending to the corporate clients climbed 21.5% to 86.808 million drams.

VTB Bank (Armenia) became a member of VTB international financial group in April 2004.

Currently, it is fully owned by Russian VTB Bank, the second largest bank in Russia. It is listed in top banks in Armenia. It has 69 branches in Armenia as of 30 September. ($1 – 406.82 drams). -0

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img