YEREVAN, June 7. \/ARKA\/. Liquidity surplus has triggered unprecedented intensification of competition among corporate clients in Armenia, Mher Grigoryan, deputy director general of VTB Bank (Armenia), said at a news conference on Monday.<\/p>\n
\u201cI have been working in the banking system for 14 years, and I\u2019ve never seen such a competition in corporate sales in Armenia,\u201d he said.<\/p>\n
He said that the first quarter of 2010 was the most competitive.<\/p>\n
Grigoryan didn\u2019t rule out further growth of competition.<\/p>\n
He said that it became difficult to attract a good client because of a great number of lucrative offers.
\n\u201cToday good clients have a greater number of offers from banks than they had one and a half years ago. We think each of good clients has at least five offers to consider.\u201d<\/p>\n
VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004.
\nVTB holds 100% of shares of VTB Bank (Armenia). The bank has 68 branches all over Armenia\u2019s territory.<\/p>\n
Of them, 24 are in Yerevan and 44 in provinces. The number of the bank\u2019s ATMs has grown to 58 and POS-terminals to 196 over 2009. –0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Liquidity surplus has triggered unprecedented intensification of competition among corporate clients in Armenia.<\/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":[15837,15418,12556,309],"class_list":{"0":"post-11946","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-bank-en-2","10":"tag-competition","11":"tag-309"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11946","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=11946"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11946\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=11946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=11946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=11946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}