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Bank VTB (Armenia) increased its credit portfolio by 12% by the end of
the first quarter of 2008
2008-04-29 16:31:00
ArmInfo. Bank VTB (Armenia) increased its credit portfolio by 12% up to
45.1 bln drams by the end of the first quarter of 2008 of compared with
the forth quarter of 2007. As Director General, Chairman of Directorate
of Bank VTB (Armenia) Valeriy Ovsyannikov told journalists today, over
the first quarter of 2008 assets of the bank grew by 22,7% mounting to
84.9 bln drams; general obligations - by 31% amounting to 63.5 bln
drams. As of 1 April of the current year general capital of the bank
amounted to 21.4 bln drams, having increased by 3,2% if compared with
the forth quarter of 2007. By this index the bank occupied the second
place in the banking system of Armenia. The bank finished the first
quarter of 2008 with net profit 624 mln drams. Ovsyannikov thinks that
dynamics of the current indicators will make it possible for the bank
to occupy a place in the three of the leaders of Armenian banking
system by the end of 2008. The bank is going fully fulfill the business
strategy programme till 2010, including ensuring of business growth
with higher rates, development of investment-banking business and other
directions.
According to the main finance indices of 2007, Bank VTB (Armenia)
entered the first five.
the first quarter of 2008
2008-04-29 16:31:00
ArmInfo. Bank VTB (Armenia) increased its credit portfolio by 12% up to
45.1 bln drams by the end of the first quarter of 2008 of compared with
the forth quarter of 2007. As Director General, Chairman of Directorate
of Bank VTB (Armenia) Valeriy Ovsyannikov told journalists today, over
the first quarter of 2008 assets of the bank grew by 22,7% mounting to
84.9 bln drams; general obligations - by 31% amounting to 63.5 bln
drams. As of 1 April of the current year general capital of the bank
amounted to 21.4 bln drams, having increased by 3,2% if compared with
the forth quarter of 2007. By this index the bank occupied the second
place in the banking system of Armenia. The bank finished the first
quarter of 2008 with net profit 624 mln drams. Ovsyannikov thinks that
dynamics of the current indicators will make it possible for the bank
to occupy a place in the three of the leaders of Armenian banking
system by the end of 2008. The bank is going fully fulfill the business
strategy programme till 2010, including ensuring of business growth
with higher rates, development of investment-banking business and other
directions.
According to the main finance indices of 2007, Bank VTB (Armenia)
entered the first five.