Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

Stepan Safaryan: OSCE Minsk Group prefers stroking naughty Azerbaijan

Edward Nalbandian advises his Azerbaijani counterpart not to use international arena for propaganda

Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

OSCE Minsk Group Co-Chairs express their serious concern about the increase in tensions and violence in Karabakh conflict zone

Heritage Party considers Volodya Avetisyan to be a political prisoner

Rostelecom expands its sales and customer service network

Arthur Grigoryan appointed commercial manager of mobile communication division at Beeline Armenia

Edward Nalbandian: Armenia wants to start a dialogue on abolishment of visa regime with EU

Edward Nalbandian: Unlike Azerbaijan, Armenia has been consistently proving its adherence to the principles of international law

No third tailing dump in Tukhmanuk

Edward Nalbandian: Turkey, which is striving to the EU, has shut down the border to the neighboring state, whereas a principle of free movement at the EU territory is one of the basic norms

Ali Hasanov: If international organizations can not resolve the conflict, let them step aside and the two neighboring states solve the problem themselves

Vladimir Dorokhin: None of the Azerbaijanis detained at the territory of Armenia are Russian citizens

"Mika cement" to replace owner

Deputy Prime Minister of Azerbaijan: The Azerbaijani people do not believe the OSCE Minsk Group

OSCE representative concerned about Armenia court decision forcing media outlets to disclose sources


Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

Thomas de Waal: What was possible between Sweden and Finland in the past century is impossible today between Armenia and Azerbaijan

Zhirayr Sefilyan: The format of our relations with Russia needs revision

Yana Amelina: The West or Russia, that is the question

Gia Nodia: Not the shortage of territories but finding a place in the world is the key problem of Russia

Vladimir Lepekhin: Russia has to pass from “soft force” regarding the USA to the “just force” concept

VTB Bank (Armenia) is the leader on credit portfolio in the banking sector of Armenia

  • by Gayane Isahakyan

  • Friday, April 18, 21:40

 According to the results of 2013, VTB Bank (Armenia) has become the leader on the aggregate credits - 12,2% of the banking crediting market, Director General of the Bank, Yuri Gusev, said at today's press-conference. 

VTB Bank (Armenia) earned last year the record high income of 5.6 billion drams, he said and added that the bank's assets in 2013 increased by 43.1% up to 302.3 billion AMD, the second highest indicator among local banks which constituted 10.2 % of the combined assets of all 21 banks. He said the bank's level of return on capital (RoC) in 2013 was 16.7 %, up from projected 15%, while the ratio of return on assets (RoA) was 2.2%. 

He also added that last year was  marked by a major reformation of the branch network and introduction of new products.  In terms of retail lending VTB Bank (Armenia) was second in 2013 with a market share of about 14.7%, a one percent increase from the previous year. According to forecasts, this trend will continue this year as well, Gusev said. 

By the size of the aggregate loan portfolio VTB Bank (Armenia) was the absolute leader last year. In 2013 it increased by 38.1 % to 232.1 billion AMD, or 12.2 % of the market share. Last year the bank provided services to 458,000 individual customers and over 5,000 corporate clients. The interior and exterior of 37 of its branches were harmonized with the standards of VTB Group. "Our key objective was to be a reliable and professional partner for our customers and to provide them with quick and high-quality services. In 2014 we are planning to be even more efficient and to further increase our credit and deposit portfolios," Gysev said.

VTB Bank (Armenia) joined VTB Group in Apr 2004. Now 100% of its shares are owned by VTB Bank (Russia). VTB Bank (Armenia) is among the leaders of Armenia’s banking system. It has the largest branch network in the country (67 branches). 

Send to a friend

To (e-mail)

Your name



View comments (0)

Be first to comment on this article

* Indicates required fields