VTB Bank (Armenia) considered 2013 as “a year of great success and achievements” and is going to retain its positions in 2014.

Summing up 2013 results today, General Director and Chairman of Board of Directors of VTB Bank (Armenia) Yuri Gusev noted that as of the year, the Bank had AMD5.6bln income. The bank’s capital made AMD37.3bln.

As for the bank’s assets, they grew by 43.1% reaching AMD302.3bln in 2013. The growth mainly resulted from increase in lending of individuals.

As of late 2013, the bank took the second position among the Armenian banks by the comprehensive assets (10.2% of the market) and it was the first by overall loans (12.2% of the market).

Last year, VTB Bank (Armenia) enhanced 37 of its branches. Jointly with VISA International Payment System, the bank carried out 2 marketing campaigns to boost non-cash payments - “Summer with VTB” and “Sochi 2014 Olympic Campaign”.

Yuri Gusev expressed the confidence that 2014 will be more effective and promising and they will strengthen the high rates of loan and deposit portfolio growth.