Tuesday, December 28 2010 13:54

VTB Group considers keeping VTB Leasing Company in Armenia inexpedient for business optimization


ArmInfo. To optimize business, VTB Group has adopted a strategic decision to carry out leasing operations and transactions via VTB Bank (Armenia), the Bank's press-service told ArmInfo.

In this connection, VTB Group considers keeping VTB Leasing Company in Armenia inexpedient. The Armenian Central Bank Board agreed to revoke the license No22 of VTB Leasing Company on Monday, the CB press-service reported.

"It is a technical action bearing no relation to the VTB Group's 0strategy of leasing operations in the Republic of Armenia. Quite on the contrary, the Group is going to actively develop leasing in the country via VTB Bank (Armenia)," says Valery Ovsyannikov, VTB Bank (Armenia) Director General-Chairman of Directorate.

VTB Bank (Armenia) joined the VTB Group in April 2004. At present the second largest Russian bank - VTB Bank OJSC is the sole owner of VTB Bank (Armenia). By tradition, the bank is among leading banks in the country in terms of a range of basic figures. VTB Bank (Armenia) is the irreplaceable leader in terms of the branch network - 68 branches.
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