{"id":112699,"date":"2018-02-22T12:11:38","date_gmt":"2018-02-22T12:11:38","guid":{"rendered":"https:\/\/armbanks.am\/2018\/02\/22\/247198\/"},"modified":"2024-12-15T13:32:39","modified_gmt":"2024-12-15T13:32:39","slug":"vtb-bank-armenia-embarking-on-new-ambitious-development-strategy","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/02\/22\/112699\/","title":{"rendered":"VTB Bank (Armenia) embarking on new ambitious development strategy"},"content":{"rendered":"

YEREVAN, February 22. \/ARKA\/.<\/strong> VTB Bank (Armenia) has announced a new ambitious development strategy.<\/p>\n

Vladimir Verkhoshinsky, a VTB Bank board member sand the chairman of the board of VTB Bank (Armenia) CJSC, speaking Wednesday at a news conference, said the strategy of high-quality, profitable and effective growth had been discussed with the bank\u2019s team and the necessity of active business development in Armenia\u2019s territory by applying the universal bank model has been pointed out.<\/p>\n

\u201cThis will be an ambitious and motivated task for the staff and the result able to generate significant profits for the bank,\u201d he said.<\/p>\n

The First Bank in Armenia<\/p>\n

Verkhoshinsky said that there is an excellent groundwork for that and support from the managers and that there are no obstacles in the bank\u2019s ambitious goal to build up its business at least twice in the next couple of years.
\n\u201cWe want the slogan \u2018The First Bank in Armenia\u2019 to be set as basis to our strategy in all senses, including the sizes of businesses, significance of the business, advanced technologies, the team competence, attractiveness as employer, development pace and profitability,\u201d he said. \u201cI think this is within VTB Bank (Armenia) scope of abilities.\u201d<\/p>\n

The Basis of the Strategy<\/p>\n

VTB Bank (Armenia) CJSC CEO Yury Gusev, on his side, said that the key objective in 2017 was to lay technical, management and human resources groundwork for building the business that would develop under the management of a new CEO in 2018 and 2018.<\/p>\n

\u201cThis groundwork allows taking on the most ambitious goals, and I think that it can be said for sure that the slogan \u2018The First Bank in Armenia\u2019 is the very goal to which the VTB Bank (Armenia) team aspires,\u201d he said.<\/p>\n

Introduction of New Services and Plans<\/p>\n

Retail Business Department Head at VTB Bank (Armenia) Ivan Telegin spoke about the planned improvement of services quality and introduction of a number of new services.<\/p>\n

\u201cFor that, we are reorganizing our claim center and creating a unit in charge of the client servicing quality, which we find very important,\u201d he said. \u201cWe are creating new remote servicing channels. In 2017, we created and commissioned our mobile bank and now intend to develop additional services on its basis.\u201d<\/p>\n

Telegin also said that some 35 automatic service zones are planned to be opened in 2018 to make it possible not only to provide mobile banking to clients, but also to serve them in 24\/7 mode.<\/p>\n

\u201cWe also intend to issue World Black Edition premium cards,\u201d Telegin said. \u201cIn fact, this service will be available already in March for the bank\u2019s premium clients. Besides, we have major plans for developing our mortgage and car lending. This will be top-priority focuses in 2018.\u201d<\/p>\n

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia\u2019s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators.<\/p>\n

On February 21, the directorial board of VTB Bank (Armenia) CJSC decided to recommend Retail Business Department Head at VTB Bank (Armenia) Ivan Telegin to the post of the VTB Bank Armenia CEO.<\/p>\n

His predecessor, Yury Gusev, is quitting office in Armenia and continue his career in Russia as head of Moscow business of Bank Otkritie. -0—-<\/p>\n","protected":false},"excerpt":{"rendered":"

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