ArmInfo.VTB plans to maintain its presence in the banking market of Armenia. chairman of the bank Andrey Kostin About said it in an interview with "Interfax" .
He noted that the bank intends to leave Georgia, but will retain in the banking markets of Azerbaijan, Armenia, Belarus, Kazakhstan, China and India. , said the head of VTB. In other countries, the bank is discussing interaction with national banks.
"We are only leaving Georgia, but the situation there is somewhat different. And in Azerbaijan, Armenia, Belarus, Kazakhstan, China, India, we remain and promote the issue of interaction with national banks, with local banks, in order to be the key bank for settlements in bilateral trade in national currencies. We see prospects for our business in these countries>, Kostin noted.
VTB has subsidiaries or associated banks in Belarus, Armenia, Kazakhstan, Azerbaijan, Georgia, Germany, Italy, Great Britain, Cyprus, owns a 50% stake in the joint Vietnam - Russia Joint Venture Bank (VRB) and 50.1% in the Angolan Banco VTB Africa. The bank's branches also operate in China and India.
It should be noted that in June 2022, VTB Bank launched money transfers in national currencies to neighboring countries - Belarus, Kazakhstan, Armenia and Azerbaijan. The maximum amount of a cross-border transfer by payment details to Belarus, Kazakhstan, Armenia and Azerbaijan complies with the requirements of the Central Bank of the Russian Federation and is 150 thousand (or the equivalent in another foreign currency) per month, the commission is 1% of the transfer amount. Transfers are available to both individuals and legal entities. , on June 17, Member of the Board of the VTB Bank Svyatoslav Ostrovsky stated on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
VTB Bank (Armenia) CJSC became a member of VTB International Financial Group in April 2004. VTB Bank PJSC, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia).VTB Bank (Armenia) is among the leading banks in terms of key balance indicators in the Armenian banking market (total capital, assets, liabilities, deposits of individuals, loan investments), holds leadership in consumer loans and is in the TOP-5 in agricultural loans. The Bank traditionally holds the lead in coverage of the branch network. VTB Bank (Armenia) is one of the leaders in terms of money transfers in Armenia. In January-September 2021, the number of money transfers serviced by the bank reached 500,000, exceeding the indicator of a year ago by 34%.