Wednesday, May 21 2014 13:47

In the last two years VTB Bank (Armenia) redoubles its personal loan book


ArmInfo. In the last two years VTB Bank (Armenia) has redoubled its personal loan book.

According to the bank's CEO Yuri Gusev, as of today the bank's personal loan book exceeds 100bln AMD – the second highest index in 2013. "In 2013 the index grew by 35.5%, in Q1 2014 by 15.8%," Gusev said.

He said that 2013 was the final year of VTB Group's three-year strategy to develop its retail and corporate businesses. "Our key goal was to change our retail business model. In fact, we have changed our face: we have become more high tech and more innovative. One more goal was to increase our share in retail lending and to attract more personal deposits. We have achieved all of our goals. Even more in 2013 we recorded all-time high operating income in retail business, which was also the highest index in Armenia's banking system," Gusev said.

He said that in 2013 the bank's net interest income made up 11.5bln AMD, net fee income 1.39bln AMD.

The sole owner of VTB Bank (Armenia) is VTB Group. The bank is among the leaders of Armenia's banking system and has the biggest branch network (67 branches).
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