Newsfeed

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

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

VTB Bank (Armenia) among top 3 Armenian banks in terms of retail business

  • Friday, April 18, 21:33

 In 2013 VTB Bank (Armenia) was among the top three Armenian banks in terms of retail business. At today's press conference, Director General of VTB Bank (Armenia) Yuri Gusev said that in 2013 the Bank's position in personal deposits rose by two points to the second place. The Bank's share in the market of personal deposits grew from 9.6% to 10.9%. In 2013 the relative growth in personal deposits made up 39.9% (101.6 bln AMD). 

The Bank also retained its second position in retail lending. The loans provided to individuals grew by 35.5% versus 2012 to 88.1 bln AMD. The Bank's share in the retail lending market made up 14.8%. 

"In 2013, the Bank's efforts in the retail business were aimed not only at increasing the deposit and loan portfolios and enhancing the efficiency of retail services, but also at improving the range of retail products, developing alternative sales channels and enhancing the quality of customer service. In 2013 the Bank continued its aggressive expansion into various segments of retail business and improved its positions in the market of retail services rendered to the population", said Gusev. 

He added that in 2013 the Bank extended the range of its products and services. In particular, the Bank worked out and introduced new types of branchless banking, created customer self-service zones in most of the branches by installing payment terminals, issued and serviced international MasterCards, and emitted VISA Instant issue cards. In 2013 the Bank launched an unprecedented service in Armenia - international card-to-card transfers through all the ATMs of the Bank. In collaboration with the VISA international payment system, the Bank held two campaigns stimulating noncash payments: "Summer with VTB" and "Olympic Campaign Sochi 2014".

VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Bank, 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). It also has an own processing center, which gives it an advantage on the card market. VTB Bank (Armenia) is in the lead in active cards (over 285 thsd cards). It serves local ArCa cards along with issuing and servicing international Visa cards. In late 2013 the Bank started issuing international MasterCards as well.  The Bank has also been in the lead in pension cards (more than 70 thsd cards) since they were launched in the Armenian market. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields