Tuesday, November 14 2017 15:06
Alina Hovhannisyan

I. Telegin: Until late 2017, VTB Bank (Armenia) will increase its retail portfolio to 91 billion AMD

I. Telegin: Until late 2017, VTB Bank (Armenia) will increase its retail portfolio to 91 billion AMD

ArmInfo. Until the end of 2017, VTB Bank (Armenia) intends to increase its retail loan portfolio to 91 billion AMD. The director of the Retail Business Development Department of VTB Bank (Armenia) Ivan Telegin stated in the conversation with the ArmInfo correspondent.  

In this regard, he noted that the Bank today exceeds the targets set in the strategic development plan. "In the future, we intend to move in the same way," he said.

To ensure such high rates, he said, it is possible due to flexibility and the fact that the Bank constantly develops its services, offering customers new products and solutions that meet their requirements.

In particular, I. Telegin said that until the end of 2017, the bank will install several devices in the city - self- service zones 7/24. At the same time, in the near future the Bank plans to expand the service "Bank at work", which provides for the manager's call to the client's workplace. "In Armenia, this service exists, but has always been, so to say, veiled. And now we will give our clients the opportunity to have a personal manager. The bank is leaving its office today and is already going to the client to ensure maximum convenience. We are going to this, because for us this is a new perspective of service," he summed up.

In addition, he noted that within the framework of the complex program People of Business for employees of budget organizations, VTB Bank (Armenia) is ready to revise the terms of mortgage lending. In this regard, I. Telegin noted that today the "People of Business" program provides an opportunity for the package owners to receive: a free salary card; consumer loans/overdrafts/credit cards with a margin of up to -7% of the Bank's standard interest rate; insurance against accidents on preferential terms; free connection to SMS-banking and Internet banking; up to 3% of the yield on the positive balance of the card.

According to the Financial Rating of Armenian Banks as of July 1, 2017, prepared by IC ArmInfo, in terms of retail lending, VTB Bank (Armenia) is one of the top three with a volume of 80.1 billion drams. In the total loan portfolio of the bank, the retail share exceeds 46%. In the total volume of retail lending, the share of VTB Bank (Armenia) reaches 10.3% on the market. On the consumer loan portfolio, VTB Bank (Armenia) also holds a position in TOP-3 - 65.5 billion AMD or over 12% of the total volume in the market.

VTB Bank (Armenia) CJSC became a participant in the international financial group VTB in April 2004.  At present, VTB Bank, the second largest bank in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. VTB Bank (Armenia) dominates the coverage of the branch network, which has 67 branches with presence in the capital and in all regions of the country.

POST A COMMENT
Input digits     


News
In Armenia`s insurance market  premiums started to decrease and  compensations are losing their growthIn Armenia`s insurance market  premiums started to decrease and  compensations are losing their growth
In 2024, foreigners purchased only 2.7% of real estateIn 2024, foreigners purchased only 2.7% of real estate
Opening of  Opening of  "Zangezur corridor" aligns with France`s interests in  Central Asian uranium - expert
Acquisition of the Acquisition of the "Metropolis" Shopping Mall in Moscow by an  Armenian company has become one of the largest investments in the  Eurasian region
Acba Bank to start public placement of its AMD bonds on February 20Acba Bank to start public placement of its AMD bonds on February 20
Universal Income Declaration: what happened has little in common with  what was intended - David AnanyanUniversal Income Declaration: what happened has little in common with  what was intended - David Ananyan
Armenia`s high-tech minister meets with UAE Minister of State for  Defense Affairs in Abu Dhabi Armenia`s high-tech minister meets with UAE Minister of State for  Defense Affairs in Abu Dhabi 
Yerevan one of most expensive cities  - NumbeoYerevan one of most expensive cities  - Numbeo
Armenian vice-premier, head of EBRD Armenia office discuss road,  water-supply system construction projects Armenian vice-premier, head of EBRD Armenia office discuss road,  water-supply system construction projects 
423 Armenian truck in queue at Upper Lars checkpoint423 Armenian truck in queue at Upper Lars checkpoint
Russian vice-premier offers Caspian Five to analyze closer ties with  EAEURussian vice-premier offers Caspian Five to analyze closer ties with  EAEU
ZCMC started implementing a new payroll system for production  employeesZCMC started implementing a new payroll system for production  employees
Armenia, UAE agreed to collaborate on space technology projectsArmenia, UAE agreed to collaborate on space technology projects
Russian money flowing back. What awaits  Armenia`s economy? -Aghasi  TavadyanRussian money flowing back. What awaits  Armenia`s economy? -Aghasi  Tavadyan
Attempts to advance programs in logic of extraterritorial corridor  have veiled agenda and territorial claims  - Armen SimonyanAttempts to advance programs in logic of extraterritorial corridor  have veiled agenda and territorial claims  - Armen Simonyan
Armenia`s Ministry of Economy proposes subsidizing ensurance premiums  for 2025 agricultural year Armenia`s Ministry of Economy proposes subsidizing ensurance premiums  for 2025 agricultural year 
Armenia`s tourism potential to be presented in Spain, Germany,  Russia, UAE, UKArmenia`s tourism potential to be presented in Spain, Germany,  Russia, UAE, UK
Armenia`s Ministry of Economy to allocate AMD 15bln to compensate for  customs duties paid by processing enterprises for exports EU  countries, UKArmenia`s Ministry of Economy to allocate AMD 15bln to compensate for  customs duties paid by processing enterprises for exports EU  countries, UK
Access to communications of strategic importance for Armenia`s  economy - Hakob ArshakyanAccess to communications of strategic importance for Armenia`s  economy - Hakob Arshakyan
Lars closed for transport Lars closed for transport 
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
Pashinyan: From January 1 to present, 1,625 people received  reimbursement for social expensesPashinyan: From January 1 to present, 1,625 people received  reimbursement for social expenses
Can all expenses on education and sports in Armenia be reimbursed  within the framework of the <social credit> programCan all expenses on education and sports in Armenia be reimbursed  within the framework of the program
Profits of Armenia`s insurance sector go on decreasing Profits of Armenia`s insurance sector go on decreasing 
Armenia ready to take active part in coping with information security  challenges Armenia ready to take active part in coping with information security  challenges 
Armenia`s minister of high-tech industry, WB reps discuss expansion  of cooperationArmenia`s minister of high-tech industry, WB reps discuss expansion  of cooperation
Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements 
USD transactions down, RUB ones up in Armenia`s interbank foreign  exchange market, Feb 10-14USD transactions down, RUB ones up in Armenia`s interbank foreign  exchange market, Feb 10-14
Armenian wine showcased in France - Wine Paris 2025Armenian wine showcased in France - Wine Paris 2025
In 2024, Armenia`s population increased, however, the entry-exit  balance remained negativeIn 2024, Armenia`s population increased, however, the entry-exit  balance remained negative
KardaLove 2024: AraratBank is the Main Sponsor of the Book FestivalKardaLove 2024: AraratBank is the Main Sponsor of the Book Festival
Armenia to implement subsidy program for real fruit vodka  production  Armenia to implement subsidy program for real fruit vodka  production  
RA State Revenue Committee on procedure of temporary import of  personal vehiclesRA State Revenue Committee on procedure of temporary import of  personal vehicles
326 trucks from Armenia at Upper Lars check-point 326 trucks from Armenia at Upper Lars check-point 
South Caucasus Railway sets discount price for  Yereavn-Tbilisi-Yerevan train tickets South Caucasus Railway sets discount price for  Yereavn-Tbilisi-Yerevan train tickets 
Armenia`s government discusses 2025-2029 framework partnership  programme with WBArmenia`s government discusses 2025-2029 framework partnership  programme with WB
Ameriabank absolute leader in car-purchase lending Ameriabank absolute leader in car-purchase lending 
AraratBank Receives Prestigious Partner of the Year Award from Ria Money TransferAraratBank Receives Prestigious Partner of the Year Award from Ria Money Transfer
Armenia`s Ministry of Finance harmonizing laws with premier`s  statements Armenia`s Ministry of Finance harmonizing laws with premier`s  statements 
Armenia, India considering joint research and developmentArmenia, India considering joint research and development
No calculations on energy consumption available in Armenia as basis  for energy generating facilities - expertNo calculations on energy consumption available in Armenia as basis  for energy generating facilities - expert
Armenia joins Interreg Next development programme of Black Sea basinArmenia joins Interreg Next development programme of Black Sea basin
2024 year of radical electric energy reforms 2024 year of radical electric energy reforms 
Armenia needs conditions for solar, hydro energy to be basic -  ex-official Armenia needs conditions for solar, hydro energy to be basic - ex-official
Armenia needs new 600MW nuclear unit - ex-official Armenia needs new 600MW nuclear unit - ex-official 
Central Bank Governor: We are trying to establish new systems capable  of addressing new challengesCentral Bank Governor: We are trying to establish new systems capable  of addressing new challenges
Armenia eventually will phase out the turnover tax - Prime MinisterArmenia eventually will phase out the turnover tax - Prime Minister
Viva Armenia issues its first bonds worth $80 million, with  Ameriabank  as  underwriterViva Armenia issues its first bonds worth $80 million, with  Ameriabank  as  underwriter
Expert: Closing Metsamor NPP without constructing a new one would be  disastrous for ArmeniaExpert: Closing Metsamor NPP without constructing a new one would be  disastrous for Armenia
Greater administrative liability for late submission of fnancial  reports to be in effect in Armenia Greater administrative liability for late submission of fnancial  reports to be in effect in Armenia 
Armenian NA approves amendments to Law on Budget System Armenian NA approves amendments to Law on Budget System 
Real estate prices to remain unchanged in Armenia in 2025 Real estate prices to remain unchanged in Armenia in 2025 
Armenia`s high-tech exports saw a slight increase in 2024Armenia`s high-tech exports saw a slight increase in 2024
Roman Khudoliy: We affirm our unwavering commitment to adhering and  implementing decisions made by companyRoman Khudoliy: We affirm our unwavering commitment to adhering and  implementing decisions made by company
Pashinyan attends plenary session of Artificial Intelligence Action  Summit in ParisPashinyan attends plenary session of Artificial Intelligence Action  Summit in Paris
About 900 approved applications for participation in bad loan  repayment programme in Armenia About 900 approved applications for participation in bad loan  repayment programme in Armenia 
Armenia`s ministry of economy proposes bill to rule out duty-free import of electric vehicles Armenia`s ministry of economy proposes bill to rule out duty-free import of electric vehicles 
Armenia`s savings funds used ineffectively - MPArmenia`s savings funds used ineffectively - MP
Armenia to cooperate with French companies in AI ecosystem  development Armenia to cooperate with French companies in AI ecosystem  development 
ZCMC to resume operation after 10-day strikeZCMC to resume operation after 10-day strike
Read more
Exchange rates
19.02.2025
RUB4.390.04
USD395.72-0.51
EUR412.42-2.20
GBP498.21-0.92
CAD278.60-0.59
JPY26.08-0.03
CNY54.31-0.12
CHF437.79-1.83