Friday, November 8 2013 16:02
VTB Bank (Armenia) launches cooperation with Komatsu Company in financial leasing
ArmInfo. VTB Bank (Armenia) launches cooperation with "IKO Machinery" Llc, official dealer of "Komatsu" company in Armenia, in the field of financial leasing.
At present Komatsu Group comprises 188 companies engaged in manufacture of construction, mining and utility equipment, the Bank's press-service told ArmInfo Besides Komatsu, the Bank cooperates with KamAZ, the largest truck manufacturer in Russia, and the leaders in the world's automobile industry Toyota Yerevan LLC (Toyota), Eurowagen LLC (Volkswagen), KIA Motors Armenia CJSC (KIA) and "HANA Service" LLC (official representative SCANIA).
VTB Bank (Armenia) is among the few banks in the local market to provide financial leasing. The bank offers leasing on motor vehicles, equipment for construction, agriculture, mining, road construction, industry medicine and other fields. To meet the needs of its corporate customers who get their permanent assets from abroad, the Bank is ready to cooperate with all sellers in the territory of Armenia and outside it.
Professional experience and partnerships of the Bank minimize the risk of obtaining lease assets (property) outside Armenia from foreign sellers. The Bank operates also via VTB Leasing (subsidiary of VTB Bank OJSC) in Russia. This helps the Bank work more operatively, develop its specialized product line and cooperation programs with suppliers, as well as monitor leasing activities and cooperation with international suppliers and vendors.
"Demand for financial leasing in Armenia has increased as potential buyers began better realizing the possibilities of financial leasing. Receiving financial leasing in the Bank means to obtain all the privileges of the customers of VTB Leasing Company: guarantees of high standard operation of the staff, possibilities of complex services of business and privates, stability and professionalism," says Yuri Gusev, Director General – Chairman of Directorate of VTB Bank (Armenia).
VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches throughout Armenia - the largest branch network in the country. VTB Bank (Armenia) is traditionally among leaders in terms of key figures. At present, the leasing market of Armenia encompasses three companies: ACBA Leasing, Unileasing, Agroleasing, with an aggregate portfolio of 8.4 bln drams as of 1 Oct 2013. Besides VTB Bank (Armenia), another seven local banks provide leasing services: Ameriabank, Converse Bank, Ardshininvestbank, Artsakhbank, Araratbank, ArmSwissbank and Armbusinessbank (4.5 bln drams aggregate leasing portfolio as of 1 Oct 2013).
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