Fri, 6 February
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USD: 378.01 RUB: 4.94 EUR: 445.56 GEL: 140.45 GBP: 513.64

VTB Bank (Armenia) financed fashion clothing from Italy

YEREVAN, February 3. / ARKA /. VTB Bank (Armenia) funded the delivery of the famous Italian fashion brand Marina Rinaldi and Maxmara in January 2010 through the opening in favor of the Italian partners of the Armenian company Modamaks, the press office of the Bank reported.

“In accordance with the Bank’s strategic development program for 2008-2010, as well as paying particular attention to financing export-import activities to small and medium-sized businesses, VTB bank (Armenia)” continues to increase the resources allocated to finance transactions in trade,” said the report.
CJSC VTB Bank (Armenia) offers its clients a full range of services when making international payments in the form of documentary operations, and if necessary implementing individual schemes of calculations using the instruments of credit and trade finance through foreign resources.

Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the VTB Group in April 2004. Currently the bank VTB is the full owner of Bank VTB (Armenia) closed joint stock company. –0-

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Armenia and EIB prioritize cooperation in economic development and private sector

Armenian Deputy Prime Minister Mher Grigoryan and the Head of the European Investment Bank (EIB) Unit, Matteo Rivillini, emphasized the importance of cooperation in economic development projects, particularly in the implementation of joint programs with the private sector in the country, the government press service reported.

Euro, USD, and ruble drop against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, as of January 29, 2026, fell by 0.46 points compared to January 29, to 378.64 drams.

Euro, dollar, and ruble drop against Armenian dram

As of February 3, 2026, the average exchange rate of the US dollar against the Armenian dram in the Armenian foreign exchange market has risen by 0.59 points from February 2, now standing at 378.44 drams.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

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