Thursday, September 27 2012 18:41
VTB Bank (Armenia) to increase net profit twofold - up to $10 mln
Arminfo. According to the results of 2012, VTB Bank (Armenia) is going to increase net profit twofold - up to $10 mln, the acting director general, Chairman of VTB Bank (Armenia) Directorate, Yuri Gusev, told journalists today during the televised bridge held in the head office of the bank. The president-chairman of the VTB-24 Bank Board, Mikhail Zadornov and the VTB sister banks took part in the bridge. Mr. Gusev recalled that according to the results of the first half of 2012, net profit of the bank amounted at $5 mln.
He also added that by 2015 the bank is going to increase its activity much at the retail crediting segment and increase its share from the present 14% up to 20%. He said that according to the results of the first half of 2012, the volumes of the retail crediting reached 50 bln drams, which is by 50% more versus the same period of 2011.
As for the level of the interest rates on retail crediting, he said that they will not be reduced or increased much in the near future. At the same time, he emphasized that nevertheless, several banks in Armenia increased a little the interest rates on credits to individual persons.
According to the Ranking of Armenian banks, prepared by Arminfo, according to the results of the first half of 2012, the accumulated profit of VTB Bank (Armenia) amounted to 12 bln drams ($28.7 mln), which is by 12% more versus the same period of 2011, and by 20% more since the beginning of the current year.
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