VTB Bank Armenia Claims Leadership In Armenian Investment Services M

VTB BANK ARMENIA CLAIMS LEADERSHIP IN ARMENIAN INVESTMENT SERVICES MARKET

PanARMENIAN.Net
01.04.2010 14:43 GMT+04:00

/PanARMENIAN.Net/ VTB Bank (Armenia), being an active participant in
the securities market of Armenia, on February 19 , 2010 was granted
the status of an Agent in the market of medium and long term government
bonds of Armenia.

As Lusine Susanyan, head of treasury of VTB Bank (Armenia) told
PanARMENIAN.Net, if until recently the bank held a leading position in
terms of lending to financial institutions through repo transactions,
since last year solid steps have been taken to enhance the trading
of securities.

"First, we have restructured our own securities portfolio, which on
31 December 2009 amounted to about 7.2 billion AMD, 30 per cent more
than in 2008.

Currently, the bank’s strategy is aimed at entering the market of
investment services and its formation, " she said. In particular,
the bank plans to form a package of integrated services combining
both traditional banking services and investment.

In addition, according to the Treasury Chief of the bank, over the
last year a qualitative change in the provision of investment services
has been recorded, creating all prerequisites for the professional
securities market participants to enter the international market.

"VTB Group and its branch network in Armenia, VTB Bank (Armenia) plan
to take leading position in Armenian investment services market, Ms.

Susanyan said.

Investment department will be opened at the bank to introduce modern
technologies in development of new products, to ensure competitive
pricing, as well as to optimize the customer service.

According to Lusine Susanyan, within the last month the bank arranged
meetings with active participants of the financial market. The bank
concluded contracts for the provision of intermediary services in
the securities market with the majority of investment companies in
Armenia, and other financial institutions operating on the territory
of the country and abroad. "Last month also was marked by the first
transaction in frames of the Agent status," she said.

You may also like