YEREVAN, May 18. / ARKA /. In the first quarter of 2011 Bank VTB (Armenia) earned 1.3 billion drams in net profits, Valery Ovsyanikov, the chief executive officer of the Russian-owned bank, told a news conference today.

Ovsyanikov said by size of net profits earned in the first three months Bank VTB (Armenia) was rated third among all other commercial banks as its assets and the outstanding credit portfolio continued to rise.

‘We have managed to strengthen our foothold at the local banking market and improve many of our basic indicators, including our retail services,’ he said.

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On Wednesday, May 18, the international press center Novostri-Armenia will host Valery Ovsyanikov, CEO of Bank VTB (Armenia) for a news conference.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Bank VTB (Armenia) CEO to speak about its five-year operation in Armenia

Tags: Armenia, Ovsyanikov, VTB Bank (Armenia)

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