Mon, 18 August
23.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) finances construction of YerevanMall

YEREVAN, November 19. / ARKA /. The Russian-owned VTB Bank (Armenia) said in a press release that together with Ameriabank it is financing the construction of YerevanMall trade center in Yerevan, started in 2010.

The trade center with a total area of about 67 thousand square meters is located on Arshakunyats Avenue.  The four-floor structure will have a large variety of stores, entertainment centers for children, restaurants , cafes, as well as a large food supermarket.

“Our decision to finance the construction of the YerevanMall allows us to take an active part in the trade and economic development of Yerevan taking our cooperation with our partners to a higher level,”  VTB Bank (Armenia) CEO, Yuri Gusev, was quoted as saying in the press release.

VTB Bank (Armenia ) is owned fully by  Russian VTB Group.  It runs 67 branches across Armenia, more than any other local bank. The bank is also the leader in terms of issued international banking cards. It has its own processing center. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Volume of loans issued by commercial banks of Armenia exceeded 7 trillion drams at the end of June

The volume of loans issued by commercial banks of Armenia as of the end of June 2025 amounted to 7,053,648 million drams against 6,866,119 million drams at the end of May.

LATEST NEWS

spot_imgspot_imgspot_img