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VTB Armenia Bank Among Leaders Of VTB Group

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  • VTB Armenia Bank Among Leaders Of VTB Group

    VTB ARMENIA BANK AMONG LEADERS OF VTB GROUP

    Noyan Tapan
    http://www.nt.am/news.php?shownews=117160
    Se p 8, 2008

    YEREVAN, SEPTEMBER 8, NOYAN TAPAN. By the results of the first six
    months of 2008, VTB Armenia Bank was in first place in the Armenian
    banking system by its total assets - 113.15 billion drams or about
    367.9 million USD. The bank was in second place by its authorized
    capital - 13.906 bln drams and its own capital - 21.88 bln drams. The
    last of the indicated indices made 22.79 bln drams as of September
    1, 2008. Besides, the bank took second place by the amount of its
    overall liabilities - 91.7 bln drams and was in third place by the
    funds attracted from customers - 38.5 bln drams. The director general
    of VTB Armenia Bank CJSC Valery Ovsyannikov announced this at the
    September 8 press conference.

    According to him, in July 2008, Fitch Ratings assigned the bank a
    long-term BB+ rating with a stable outlook.

    Responding to a question of NT correspondent, V. Ovsyannikov said
    that VTB Armenia Bank is one of the leaders among 16 banks forming
    VTB Group (Russia) by the following indices: the amount of its assets,
    the returns on the invested capital, the growth of profit calculated
    based on the invested capital, and the quality of assets.
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