Friday, November 26 2010 17:36

Top performance by VTB Bank's employees doubled portfolio of small enterprises financing


ArmInfo. VTB Bank (Armenia) leadership has awarded the best employees of the small enterprises financing department for top performance that doubled the portfolio of small enterprises financing for Q3 and increased the loan portfolio of the bank, the VTB Bank (Armenia) press-service told ArmInfo.

VTB Bank (Armenia) Director General-Chairman of Board Valery Ovsyannikov congratulated the employees on high performance results and awarded them with memorable gifts and the following certificates: "Best Sales Officer," "Best Cross-Selling Officer," "Best Officer for Current Service of Portfolio", "Best Assistant Manager For Small Enterprises Finance," "Best Branch in Terms of Small Enterprise Finance." The bank provides loans to small enterprises via its wide branch network comprising 68 offices (1st position in the banking system). The branch "Spandaryan" in Yerevan and the regional branch "Masis" demonstrated especially high rates of small enterprise finance.

"Our Bank gives high priority to financing of small enterprises. The Department for Financing of Small Enterprises fulfilled the target for Q3 and increased the loan portfolio of the bank. I'd like to thank my colleagues for devotion and wish them success and new achievements," V. Ovsyannikov said.

In line with the Bank's standards, small enterprises are the private businessmen and legal entities engaged in entrepreneurship in Armenia whose annual income is below 1 billion drams. Starting Nov 15 2010 VTB Bank (Armenia) provides loans to small enterprises at the annual interest of 14% if the borrower is registered in Yerevan or launched business in Yerevan and 13% for the borrowers in the region. The minimum size of a loan is 4 million drams and the upper ceiling is 60 million drams and loan maturity is 5 years.

Ranking of Armenian Commercial Banks as of Sep 30 2010 prepared by the Agency of Rating Marketing Information (ArmInfo) says nearly 60% of the loan portfolio of VTB Bank (Armenia) are loans to legal entities (10% growth for Q3 2010) that exceeded 41 billion drams - 5th position in the banking system. The share of the loan portfolio in assets was almost 70%. For 9 months of 2010 VTB Bank (Armenia) was the leader in terms of net profit - 3.2 billion drams. The bank occupied the 1st and the 3rd positions in terms of ROA and ROE, respectively.

CJSC VTB Bank (Armenia) has been operating on the territory of Armenia since 1923. CJSC VTB Bank (Armenia) is a universal bank offering a full range of banking services to individuals and corporates in Armenia. The branch network of the Bank includes 24 branches in Yerevan and 44 in the regions. The Bank joins the top 5 major banks in Armenia with the following ratings assigned by the Fitch Ratings agency: a long-term rating issuer rating BB, a short-term rating B, individual rating D/E, support rating 3.
POST A COMMENT
Input digits     


News
RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026
ARMSWISSBANK: A strategic financial bridge between Armenia and international marketsARMSWISSBANK: A strategic financial bridge between Armenia and international markets
Germany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German EmbassyGermany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German Embassy
By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%
Compelling Business Loan Offer from AraratBank: JOIN USCompelling Business Loan Offer from AraratBank: JOIN US
Economist: It`s too early to assess economic benefits of new freight  routes passing through ArmeniaEconomist: It`s too early to assess economic benefits of new freight  routes passing through Armenia
82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman82% of tax revenues and state duties planned for 2025  already   secured- RA SRC Chairman
I hope we don`t jinx it: Pashinyan commends Iranian company for  I hope we don`t jinx it: Pashinyan commends Iranian company for  "unprecedented construction speeds"
Grain delivery to Armenia dynamic - premier Grain delivery to Armenia dynamic - premier 
Armenian pensioners to get cashless pensions Armenian pensioners to get cashless pensions 
RA MOD to get $11mln more RA MOD to get $11mln more 
Health Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan ProgramHealth Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan Program
Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways 
Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk 
First grain consignment from Russia to Armenia via Azerbaijan First grain consignment from Russia to Armenia via Azerbaijan 
The interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej TimesThe interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej Times
Armenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in DusseldorfArmenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in Dusseldorf
In Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salonsIn Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salons
Central Bank Chairman: Macrostability becoming Armenia`s hallmark Central Bank Chairman: Macrostability becoming Armenia`s hallmark 
AraratBank – Title Sponsor of Urartu Football ClubAraratBank – Title Sponsor of Urartu Football Club
SCR, Armenian Tourism Federation sign Memorandum of CollaborationSCR, Armenian Tourism Federation sign Memorandum of Collaboration
SCR Director: Rail route through Azerbaijan to be in demandSCR Director: Rail route through Azerbaijan to be in demand
Economic growth down in Jan-Sept 2025 Economic growth down in Jan-Sept 2025 
RA Anticorruption Committee to get more money in 2026RA Anticorruption Committee to get more money in 2026
Amendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product informationAmendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product information
Armenian authorities` task is keeping freight vehicles at country`s  land bordersArmenian authorities` task is keeping freight vehicles at country`s  land borders
Ameriabank’s Corporate Loan Portfolio Surpasses AMD 1 TrillionAmeriabank’s Corporate Loan Portfolio Surpasses AMD 1 Trillion
New mechanisms to take effect on Armenia`s real estate market New mechanisms to take effect on Armenia`s real estate market 
RA Investigative Committee to get to get AMD 219.6mln more next year RA Investigative Committee to get to get AMD 219.6mln more next year 
Russian wheat beting transported to Armenia via Azerbaijan - minister Russian wheat beting transported to Armenia via Azerbaijan - minister 
In 2026, total funding for Ministry of Environment`s activities to be  15.4 billion dramsIn 2026, total funding for Ministry of Environment`s activities to be  15.4 billion drams
Martin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflationMartin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflation
39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister
Opportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBankOpportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBank
Armenian premier on advantages of Washington agreements for EAEU  member-states Armenian premier on advantages of Washington agreements for EAEU  member-states 
RA CB leaves refinancing rate unchanged RA CB leaves refinancing rate unchanged 
Armenia`s education expenses to reach 3% of GDP in 2026 Armenia`s education expenses to reach 3% of GDP in 2026 
EU investing 5 million euros in Armenia`s nuclear safetyEU investing 5 million euros in Armenia`s nuclear safety
AraratBank and Théâtron Festival Bring Smiles to Little OnesAraratBank and Théâtron Festival Bring Smiles to Little Ones
EIB Global provides €100 million to support Armenian micro and small businessesEIB Global provides €100 million to support Armenian micro and small businesses
Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025
Armenia joins Germany`s Import Promotion Desk initiativeArmenia joins Germany`s Import Promotion Desk initiative
Ardshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as CollateralArdshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as Collateral
RA Ministry of Internal Affairs` seismic protection network to begin  next yearRA Ministry of Internal Affairs` seismic protection network to begin  next year
EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025
"You Choose the Destination": New Promotion for AraratBank Mastercard World Travel Cardholders
Armenia reduces wine export volumes, Russia remains traditional  marketArmenia reduces wine export volumes, Russia remains traditional  market
Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025
Armenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal oresArmenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal ores
Germany to provide152 million euros in support to ArmeniaGermany to provide152 million euros in support to Armenia
Armenia significantly increased automobile imports in the first half  of 2025Armenia significantly increased automobile imports in the first half  of 2025
New Campaign Ahead of Savings Day: IDBankNew Campaign Ahead of Savings Day: IDBank
Tashir Capital resubmitted its application for  reduction in  electricity tariffs Tashir Capital resubmitted its application for  reduction in  electricity tariffs 
Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%
In 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - MayorIn 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - Mayor
Armenia`s imports of oil products 9.2% up in first half of 2025 Armenia`s imports of oil products 9.2% up in first half of 2025 
Armenian government continues talks on funding of corridor via  country - minister Armenian government continues talks on funding of corridor via  country - minister 
EU ready to assist Armenia in forming and developing sustainable  digital economyEU ready to assist Armenia in forming and developing sustainable  digital economy
AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026
Armenia, EU strengthen cooperation in energy, transport, and road  safetyArmenia, EU strengthen cooperation in energy, transport, and road  safety
Read more
Exchange rates
06.11.2025
RUB4.730.03
USD382.48-0.09
EUR440.270.93
GBP500.281.94
CAD271.320.61
JPY24.88-0.02
CNY53.700.02
CHF472.660.76


Experts
Expert: Electricity tariff containment in Armenia is only temporaryExpert: Electricity tariff containment in Armenia is only temporary
Political Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  marketsPolitical Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  markets
Artur Avetisyan: All discussions regarding the choice of a future NPP  model will remain mere talk until there is a vision for strategic  developmentArtur Avetisyan: All discussions regarding the choice of a future NPP  model will remain mere talk until there is a vision for strategic  development
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2