Yerevan/Mediamax/. Following the results of 9 months of 2010, the net profit of “VTB Bank (Armenia)” has made 3.2bln AMD.

Mediamax reports that “VTB Bank (Armenia)” CEO Valeri Ovsyannikov said this at a news conference in Yerevan today. According to him, as of these indices, the bank occupies the first place in the banking system of Armenia. “We hope that by the end of the year we will still occupy leading positions as to profit”, Valeri Ovsyannikov stated. According to preliminary forecasts, in 2011 the profit is planned at the level of over 5bln AMD.

Valeri Ovsyannikov noted that this year the bank paid special attention to retail segment and to consolidation of risk management. As a result, following the results of 9 months, coefficients of return of equity (ROE) and return of assets (ROA) of the bank made 16.1% and 3.7% respectively.

Following the results of 9 months of 2010, the volume of means, attracted from customers, made 51bln AMD, at that the volume of private deposits of individuals increased by 38.3%, as compared to 2009, and made 31.3bln AMD. Credit portfolio increased by 23.8% and made 29.5bln AMD. At that, the income from the main activity reached 7.5bln AMD, having increased by 43.3%, as compared to the same period last year.

All in all, the share of the bank in the Armenian market as of late September , 2010, made 8.2% on credits and 7.05% on deposits.