Credit portfolio of bank VTB (Armenia) grows by 72% to 70bln drams by end 2008
21.01.2009,
17:34
Credit portfolio of Bank VTB (Armenia) grew by 72% up to about 70bln Drams by the end of 2008, General Director of Bank VTB (Armenia) closed joint stock company Valery Ovsiannikov told a press conference at Novosti International Press Centre.
YEREVAN, January 21. /ARKA/. Credit portfolio of Bank VTB (Armenia) grew by 72% up to about 70bln Drams by the end of 2008, General Director of Bank VTB (Armenia) closed joint stock company Valery Ovsiannikov told a press conference at Novosti International Press Centre.
Loans extended to legal entities grew by 69.4% up to 39.1bln Drams, while total volume of credits to individuals increased by 76% up to 31bln Drams.
Funds obtained from clients went down almost 0.6bln Drams to 27bln Drams by the end of 2008. Funds obtained from legal entities decreased by 1.8bln Drams to 10.14bln Drams with funds from individuals having increased by 1.2bln Drams to a total of 16.3bln Drams.
On the whole, all indicators recorded a considerable growth last year and 2008 can be considered a very positive year for the bank, Ovsiannikov said.
Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the VTB Group in April 2004. Currently the bank VTB is the full owner of Bank VTB (Armenia) closed joint stock company.
The share capital of the bank was 13.9bln Drams, total capital 23.9bln Drams as of the end of December 31. The bank’s assets totaled 99.2bln Drams with net profit amounting to 2.9bln Drams in January-December 2008. –0—
Loans extended to legal entities grew by 69.4% up to 39.1bln Drams, while total volume of credits to individuals increased by 76% up to 31bln Drams.
Funds obtained from clients went down almost 0.6bln Drams to 27bln Drams by the end of 2008. Funds obtained from legal entities decreased by 1.8bln Drams to 10.14bln Drams with funds from individuals having increased by 1.2bln Drams to a total of 16.3bln Drams.
On the whole, all indicators recorded a considerable growth last year and 2008 can be considered a very positive year for the bank, Ovsiannikov said.
Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the VTB Group in April 2004. Currently the bank VTB is the full owner of Bank VTB (Armenia) closed joint stock company.
The share capital of the bank was 13.9bln Drams, total capital 23.9bln Drams as of the end of December 31. The bank’s assets totaled 99.2bln Drams with net profit amounting to 2.9bln Drams in January-December 2008. –0—
