Yerevan/Mediamax/. Today, VTB Bank (Armenia) launched an automated credit decision making system.

As Mediamax was told in the bank’s press service, the system was elaborated on the basis of technical tasks, created by the bank’s risk-managers with the assistance of “VTB 24” Bank.

Decisions on issuing credits, including the approved sum, are made by the bank’s automated system which is based on standard and clear rules of decision making - credit scoring.

“We consider the retail market as a priority target segment with two vital advantages which must be taken into consideration. First of all, it’s a highly technological market, and we have to develop the automated system of credit decision making. Secondly, the retail express-crediting is a good source for attracting new “desired” clients to the bank. The centralization of functions of the credit back-office and the conclusion of all deals in the united center, allowed the bank making its additional contribution into the solution of the problem of financial competence of clients – the consumers of banking services. The bank strives to make the borrowers realize their personal responsibility for adopted decisions while receiving a credit, thus creating preconditions for the growth of credit culture. And this, in turn, will on the whole positively affect the development of the Armenian market of retail crediting,” Director General and Chairman of Directorate of VTB Bank (Armenia) Valery Ovsyannikov stated.