Authorized capital of bank VTB (Armenia) to reach $52mln this year
10.12.2007,
19:07
The authorized capital of the Bank VTB (Armenia) has been increased by $20, reported Board Chairman, Bank VTB, Andrey Kostin.
YEREVAN, December 10. /ARKA/. The authorized capital of the Bank VTB (Armenia) has been increased by $20, reported Board Chairman, Bank VTB, Andrey Kostin.
“Funds have already been transferred to a special account for the new authorized capital, $52mln, to be registered before the end of the year,” he said.
Kostin pointed out that this will make the Bank VTB (Armenia) a bank with the second largest authorized capital in Armenia.
Director General, President of the Directorate, Bank VTB (Armenia), Valery Ovsyannikov reported that the bank’s current credit portfolio is about $100mln and assets $190mln.
According to him, the Bank VTB (Armenia) is now actively increasing its credit portfolio.
“We are between the third and fourth places in Armenia’s banking system in terms of assets,” he said. Ovsyannikov added that the bank set itself serious tasks. He expressed hope that serious results may be produced as soon as next year.
The Bank VTB (Armenia) (formerly Armsavingsbank) was privatized through direct sale by the ARCH Limited Consortium (Bahamas) and MIKA Armenia Trading.
In April 2004, the Russian Foreign Trade Bank purchased 70%+1 shares of the Armsavingsbank. In July 2007, the Bank VTB (Russia) became full owner of the Vank VTB (Armenia).
By September 30, 2007, the bank’s balance profit had reached 1.99bln AMD, profit in January-September 2007 660.4mln. By September 30, 2007, the bank had issued 3bln mortgage credits. –0--
“Funds have already been transferred to a special account for the new authorized capital, $52mln, to be registered before the end of the year,” he said.
Kostin pointed out that this will make the Bank VTB (Armenia) a bank with the second largest authorized capital in Armenia.
Director General, President of the Directorate, Bank VTB (Armenia), Valery Ovsyannikov reported that the bank’s current credit portfolio is about $100mln and assets $190mln.
According to him, the Bank VTB (Armenia) is now actively increasing its credit portfolio.
“We are between the third and fourth places in Armenia’s banking system in terms of assets,” he said. Ovsyannikov added that the bank set itself serious tasks. He expressed hope that serious results may be produced as soon as next year.
The Bank VTB (Armenia) (formerly Armsavingsbank) was privatized through direct sale by the ARCH Limited Consortium (Bahamas) and MIKA Armenia Trading.
In April 2004, the Russian Foreign Trade Bank purchased 70%+1 shares of the Armsavingsbank. In July 2007, the Bank VTB (Russia) became full owner of the Vank VTB (Armenia).
By September 30, 2007, the bank’s balance profit had reached 1.99bln AMD, profit in January-September 2007 660.4mln. By September 30, 2007, the bank had issued 3bln mortgage credits. –0--
