VTB Bank (Armenia) plans to offer international factoring services next year

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23.11.2012, 17:24

The Russian-owned VTB Bank (Armenia) plans to offer next year international factoring services to Armenian industrial companies, the bank’s chief executive officer, Yuri Gusev, told a news conference today

VTB Bank (Armenia) plans to offer international factoring services next year

YEREVAN, November 23. / ARKA /. The Russian-owned VTB Bank (Armenia) plans to offer next year international factoring services to Armenian industrial companies, the bank’s chief executive officer, Yuri Gusev, told a news conference today. He said the bank’s lending is available to all corporate companies, including those engaged in agriculture.

"Our corporate lending strategy is designed to improve our products and technologies and offer new products that will help Armenian exporters to work with peers in the CIS," he said.

"We are preparing a program to start offering also micro loans from the second quarter of 2013 and challenge the banks and crediting institutions that have been working in this sector for years,’said Gusev.

VTB Bank (Armenia), Armenia’s previous Savings Bank, was acquired by Russian VTB group in 2004. The bank runs 69 branches across Armenia, more than any other bank. -0-

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