VTB Bank (Armenia) corporate loan portfolio last year amounted to 86.2 billion drams

YEREVAN, April 30. /ARKA/. The Russian-owned VTB Bank (Armenia) said it outstanding corporate loans portfolio last year amounted to over 86.1 billion drams. The bank said this figure represents successful implementation of its business plan.

The Bank unveiled on Tuesday its annual audited financial results for 2012 in accordance with International Financial Reporting Standards (IFRS). According to a press release, the Bank services all categories of corporate clients, providing them with the full range of banking services.

The Bank said it continues to support the most important sectors of the Armenian economy, contributing thus to the development of large and medium-sized businesses.

"The list of the Bank's corporate clients includes industry leaders, as well as perspective, expanding business in the following sectors - insurance, construction, trade, energy, transport, light and heavy industry, mining, metallurgy, processing of food and agricultural products, as well as  information technology and telecommunications ", the press release says.

Of its most significant transactions last year  the bank singled out  investment deals with Ekotomato company  in the amount of $10 million, Mavas Group LLC in the amount of $8 million, Nrneni LLC in the amount of $2.7 million  and some others.  

VTB Bank (Armenia) is owned fully by Russian VTB Group. The Bank runs 67 branches (23 in Yerevan and 44 in the regions of the country). -0-