Bank VTB (Armenia) CEO to speak about its five-year operation in Armenia

YEREVAN, May 17, /ARKA/. On Wednesday, May 18, the international press center Novostri-Armenia will host Valery Ovsyanikov, CEO of Bank VTB (Armenia) for a news conference. Mr. Ovsyanikov will speak about the bank’s five-year record of performance in Armenia and its financial indicators in 2010 and the first quarter of 2011. The news conference is scheduled at 12. pm. -0-

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Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

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