VTB ARMENIA BANK AMONG LEADERS OF VTB GROUP
Noyan Tapan
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.