Friday, April 20 2012 17:16

VTB 24: The risk-management system of VTB Bank (Armenia) is high technological and unique


Arminfo. The risk-management system of VTB Bank (Armenia) is high technological and unique for the Armenian market and is a pledge of the dynamic growth of retail business which is twofold ahead of the average market indices.

As president, chairman of the VTB24 Bank Mikhail Zadornov said at today's press-conference in Yerevan, last year the retail portfolio of the VTB Bank (Armenia) grew by 47%. When commenting on peculiarities of the risk-management system of the bank, he said that it processes on average one thousand credit requests daily.

He also added that at present the scoring estimation system of a borrower has been established in the bank" "thanks to certain models of behavior of clients, the system makes it possible to predict the risk of non-repayment of credits by borrowers", - he said and added that the risk-management system allows to take very fast credit solutions.

For his part, acting director general of the bank, Yuri Gusev, said that the level of the overdue credits in the retail portfolio of VTB Bank (Armenia) reduced versus 2010. He also added that at present the bank has been holding the training courses for specialists and seminars for raising of their professional skills.
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