Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Russia to sell VTB stake in 2013 -state property chief

YEREVAN, April 19. /ARKA/. VTB, Russia’s second-biggest bank, will hold a secondary share sale this year, Olga Dergunova, the head of the state property agency, said on Friday. “VTB bank is planned for (share) placement this year,” Dergunova told reporters, according to Reuters..

VTB Chief Executive Andrei Kostin said last month the state-controlled bank planned a 100 billion rouble ($3.16 billion) share sale in Moscow, part of a broader privatisation drive by Russia.

A month ago first deputy prime minister Igor Shuvalov told reporters VTB planned a secondary share sale in 2013 autumn worth tens of billion rubles  through  Moscow Stock Exchange. Shuvalov said in November 2012 that the government was  willing to reduce its  stake in VTB to 50 percent from  75.5 per cent. -0-

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

 Inflation of 2.5% registered in Armenia in February

In February of this year, the 12-month inflation in Armenia's consumer market was 2.5%, according to a report by the National Statistical Committee (NSC) of Armenia.

Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%

LATEST NEWS

spot_imgspot_imgspot_img