VTB Bank (Armenia) is the leader by the credit investments according to the results of the 3Q 2014 - 224.3 billion AMD. As press-service of the bank reported, credit portfolio of the bank grew by 3,3% versus the beginning of the current year.
The share of the VTB Bank (Armenia) was 11,8% in the aggregate credit investments of the banking system of Armenia. The bank goes on actively financing the construction sector, food industry and agriculture and trade. It has been developing POS- crediting, mortgage and motor crediting. The assets of the bank grew by 2,2% for 9 months 2014 and amounted to 306 billion AMD.
"VTB Bank (Armenia) along with growing of the volume of credit portfolio will go on drawing out and offering attractive credit products to business and population. The improvement of the credits in demand, simplification of the access procedure to the banking resources as well as flexible conditions and a wide line of the credit products promote reaching of good indices in the crediting sector", - Director General of VTB Bank (Armenia), Yuri Gusev, said.
VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has 67 branches all over the country (the largest branch network in Armenia).