YEREVAN, August 10. /ARKA/. The loan portfolio of VTB Bank (Armenia) for midsized enterprises in Armenia reaches $200 million, vice-president and deputy head of VTB Bank Board Mikhail Oseevskiy told reporters.

Oseevskiy said that VTB Group deals with individuals, as well as global companies like Gazprom and Rosneft. The remaining part of the corporate business is providing services to other clients, which are hundreds of thousands within the group, he said. This last segment is called mid-sized businesses, despite the fact that some of them may earn up to $300-350 million, the banker said.

Oseevskiy also said VTB keeps searching for new clients and partners, particularly having in mind the large Armenian diaspora. A lot depends on the country’s future economic policies and development of global directions amid growing competition in the world, he said.

VTB has many clients in the construction sector in Armenia, the banker said. Certain slowdown was recorded there recently, which is not encouraging, he added. –0--