YEREVAN, April 28. \/ARKA\/. VTB Bank (Armenia) didn\u2019t stop extending mortgage loans in 2009, and its mortgage portfolio has already reached about $40 million, Valery Ovsyannikov, director general and chairman of the bank\u2019s directorial board, said Wednesday in Novosti International Press Center.<\/p>\n
\u201cMortgage lending is a very important segment of our activity, and we haven\u2019t stopped it even for one day,\u201d he said.<\/p>\n
Ovsyannikov said that the bank only tightened requirements to potential borrowers.<\/p>\n
\u201cWe are financing mortgage thanks to the refinancing provided by Mortgage Company and the central bank\u2019s resources, since there are no long drams.\u201d<\/p>\n
Stressing that he sees no problems with it, Ovsyannikov said that problems are connected rather with currently stagnant construction sector than mortgage product itself.<\/p>\n
VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004.<\/p>\n
VTB holds 100% of shares of VTB Bank (Armenia).<\/p>\n
The bank\u2019s assets totaled AMD 119 billion by late 2009 (20.7% growth) and liabilities AMD 94 billion (24.5% growth).<\/p>\n
Its total capital amounted to AMD 25.1 billion (5.3% growth) and net profit AMD 900 million (69.7% reduction).<\/p>\n
The bank\u2019s mortgage portfolio reached 73.6% (3.9%) by late December 2009. ($1 = AMD 388.81). -0—<\/p>\n","protected":false},"excerpt":{"rendered":"
Mortgage portfolio of VTB Bank (Armenia) reaches about $40 million<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12143,12241],"class_list":{"0":"post-10568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-portfolio","10":"tag-vtb-bank"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/10568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=10568"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/10568\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=10568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=10568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=10568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}