Wednesday, March 28 2012 20:31

VTB Bank (Armenia) improves its personal deposit ranking


ArmInfo. In 2011 the obligations of VTB Bank (Armenia) grew by 52.9% to 150bln AMD.

The press service of VTB Bank (Armenia) reports that the bank's deposit portfolio totaled 79.5bln AMD, wherein individual deposits grew by 28.9% to 47.1bln AMD (up from 3rd to 2nd rank), while corporate deposits made up 32.5bln AMD.

The assets grew by 39.2% to 177.5bln AMD, the loan book by 41.8% to 122.7bln AMD. The net profit totaled 1.6bln AMD, the total capital 27.5bln AMD, the authorized capital 13.9bln AMD.

In 2011 the bank provided services to 286,400 individual and 5,300 corporate customers, with its shares in the credit and deposit markets being 9.6% and 7.5%, respectively.

"2011 was one more successful year for VTB Bank (Armenia), who continued its development as a universal bank and improved its ranking on key figures. We are sure that 2012 will be even more successful and expect high growth in both loans and deposits," says Yuri Gusev, Acting CEO of VTB Bank (Armenia).

The sole owner of VTB Bank (Armenia) is VTB Bank (Russia). The bank has 68 branches (24 in Yerevan), 89 ATMs and 780 POS-terminals.
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