Saturday, February 26 2011 15:35

One of key tasks of VTB Bank Armenia is to standardize its branch network


ArmInfo. One of key tasks of VTB Bank Armenia is to bring all of its branches into compliance with VTB Group's standards, General Director-Chairman of the Directorate of VTB Bank Armenia Valery Ovsyannikov said, while inaugurating the new building of the bank's Hrazdan branch today.

"Our bank has the largest branch network in Armenia's banking sector (68 branches). We have no plans to open new branches for the time being but if a new business appears in Yerevan or elsewhere in Armenia we will consider this possibility," Ovsyannikov said.

He said that Kotayk region is very important for the bank as here it has six branches. The Hrazdan branch is supposed to serve almost 30,000 customers a month: state organizations, commercial enterprises, businessmen and individuals.

"The bank provides a full range of bank services: opening of deposits, transfer of money, consumer lending, mortgage lending, auto and business loans. We continue enlarging our geographic presence in this region," Ovsyannikov said.

During the ceremony he granted certificates and VISA Gold cards to the four best customers of the Hrazdan branch.

VTB Bank Armenia joined VTB Group in Apr 2004. Russia's second biggest bank, VTB Bank holds 100% of VTB Bank Armenia. Jan 1 2011 the bank's loan book totalled 85bln AMD (17% more than a year before). Feb 1 2011 the bank's clientele totalled 94,000 - 38,000 more than Feb 1 2010. The number of corporate customers redoubled to over 1,300 (130 of them are big companies).
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