ArmInfo. Within Super-rate service VTB Bank (Armenia) has already refunded nearly 20 million AMD to conscientious borrowers, Director of Retail Business Development Department of VTB Bank (Armenia) Ivan Telegin told ArmInfo's correspondent at the today's press conference.
At the same time he clarified that refund was done on 10% of the interest paid as the new threshold of 20% was launched less than half a year ago, while minimum term of loan payments within Super-rate bank service is 6 months. "More than 5 thousand clients of VTB Bank (Armenia), who became participants of Super-rate campaign, were paid back part of the paid interest, as according to their loan history they turned to be conscientious borrowers", he summarized.
To note, in April 2016 VTB Bank (Armenia) has improved "Super-rate" service terms, refunding 20% of the interest versus the previous 10% paid within at least 6 months to the conscientious borrowers.
According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), VTB Bank (Armenia) is traditionally among the leaders of the Armenian banking system in terms of key parameters. As of 1 July 2016, the Bank's total capital amounted to 41.2 bln AMD (5th position), assets - 278.3 bln AMD (4th position), lending - 186.4 bln AMD (5th position), personal time deposits - 92 bln AMD (4th position), corporate call liabilities - 39.7 bln AMD (3rd position). The Bank holds the 5th position in terms of corporate lending - 107.4 bln AMD, and the 3rd position in terms of retail lending - 78.8 bln AMD. The share of NPLs (unrecoverable loans inclusive) in the total loan book of VTB Bank (Armenia) grew from 16.9% to 29.14% over year, while the share of NPLs in the consumer lending segment in the total loan book dropped from 3.5% to 3.1%. The Bank has the largest branch network (67 branches) in Armenia. VTB Bank (Armenia) joined VTB Group in April 2004. VTB Bank OJSC, the second largest bank in Russia, is the sole owner of VTB Bank (Armenia).