{"id":42880,"date":"2012-10-26T11:14:22","date_gmt":"2012-10-26T11:14:22","guid":{"rendered":"https:\/\/armbanks.am\/2012\/10\/26\/236660\/"},"modified":"2024-12-15T13:00:14","modified_gmt":"2024-12-15T13:00:14","slug":"vtb-bank-presents-general-director-chairman-of-the-board-of-directors-at-vtb-bank-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/10\/26\/42880\/","title":{"rendered":"VTB Bank (Armenia) to be more active in medium-sized business- Chairman"},"content":{"rendered":"<p><strong>YEREVAN, October 26. \/ARKA\/. <\/strong>VTB Bank (Armenia) intends to activate its performance in medium-sized business segment, Yuri Gusev, General Director \u2013 Chairman of the Board of Directors at VTB Bank (Armenia), told ARKA correspondent on Friday.<\/p>\n<p>\u201cIn general, if we speak about the operation of our bank, we can, unfortunately,  highlight a particular segment, where we have not been really effective and active. I am speaking about medium-sized business, and VTB group\u2019s strategy is to be more active in this segment,\u201d he told journalists.<\/p>\n<p>At present, VTB Bank(Armenia) is discussing with the colleagues from VTB Bank\u2019s subsidiary companies department  some new proposals related to this segment for the next year, he added.<br \/>\n\u201cThey will be some new interesting instruments, and as it is a very competitive market, we will seek to make decisions within a  shorter period of time, as well as be flexible in evaluating borrowers and risks,\u201d Gusev clarified.<\/p>\n<p>VTB Bank (Armenia), according to Gusev, is successful in retail lending.<\/p>\n<p>\u201cCurrently, we are thinking over introducing another instrument into the consumer lending: mini credits,\u201d he said revealing no further details.<\/p>\n<p>Lowly developed financial management results in only $1-3 million in  credits for the medium-sized business, he added.<\/p>\n<p>\u201cAs a result, there is no transparency in reporting system. It makes us change our procedures, take more risks and ponder over their minimization.\u201d<\/p>\n<p>On his side, head of subsidiary companies division, senior vice president at VTB Bank Mikhail Yakunin said the new strategy will foster filling the Armenian market with new products, which are already available either in Western countries, or, partially, in Russia.<\/p>\n<p>\u201cI would like to note, that we plan to develop products in both, retail segment, and corporate, including factoring and other products,\u201d he clarified.<\/p>\n<p>VTB Bank (Armenia) became a member of VTB international financial group in April 2004.<br \/>\nCurrently, it is fully owned by Russian VTB Group, the second largest bank in Russia. It is listed in top 3 banks in Armenia. It has 69 branches in Armenia, more than any other bank. -0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VTB Bank (Armenia) intends to activate its performance in medium-sized business segment, Yuri Gusev, General Director \u2013 Chairman of the Board of Directors at VTB Bank (Armenia), told ARKA correspondent on Friday<\/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":[15837,15826,389],"class_list":{"0":"post-42880","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-vtb-bank-armenia-2","10":"tag-389"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/42880","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=42880"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/42880\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=42880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=42880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=42880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}