16.01.2012 19:35
Exclusive Interview of Alyona Stratan, Director of Banking Risks Division of Bank VTB (Armenia), with ARKA News Agency
ARKA – How effective is the automated system Bank VTB (Armenia) introduced in February 2011 for making credit decisions?
Stratan – The automated decision-making system, so-called lending factory launched by Bank VTB Armenia about one year ago, produces unique results. For example, once only participants of the payroll card program could get the bank’s credit card – their wages were regularly transferred to their card accounts in the bank, but in May 2011 we started providing credit cards also to “clients from the street”, i.e. those people had no deals with Bank VTB (Armenia) before that.
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