Mon, 9 June
16.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

VTB Bank (Armenia) acts as chief partner of third Russian Armenian interregional forum

YEREVAN, December 3. / ARKA /. The Russian-owned VTB Bank (Armenia) said today it is the chief partner of the third Russian-Armenian interregional forum being held in Armenia with the support of Armenian and Russian presidential administrations. The forum started on December 2 will run through December 4.

The first day of the forum was hosted by Armenia’s second largest town of Gyumri, the first leg of Russian president Putin’s December 2 visit to Armenia. The Russian delegation, led by Putin, included federal and regional authorities, business people, representatives of non-governmental organizations and experts.

The Armenian delegation headed by President Serzh Sargsyan, included senior members of the presidential administration, ministries and heads of government agencies and major companies.
On December 2 the VTB Bank board chairman Andrey Kostin had a meeting with the chairman of the Central Bank of Armenia Arthur Javadyan to exchange views on the planned programs of VTB Bank (Armenia).

Today the Central Bank hosted a round table on the development of Russian-Armenian partnership in the banking and investment sectors in the context of the Eurasian integration process.

The Yerevan Mergelyan Research Institute of Mathematical Machines is holding a Russian-Armenian interregional exhibition of industrial innovations, where VTB Bank (Armenia) showcased its products and services designed for corporate and retail customers and small and medium businesses.

“The forum has brought to Yerevan over 600 participants from Russia and Armenia. This is a good opportunity to develop effective business contacts and implement joint projects. We are always open for new programs,” VTB Bank (Armenia) CEO Yuri Gusev is quoted as saying in a bank’s press release.

VTB Bank (Armenia) is owned fully by Russian VTB Bank. It runs 67 branches across Armenia, more than any other Armenia-based bank. -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.

Cryptocurrency can open up great opportunities for Armenia — Henri Arslanian

Cryptocurrency can open up great opportunities for Armenia, says HenrI ArslanIan, co-founder of Nine Blocks Capital Management, author of the bestselling books in the field of financial services "The Future of Finance" and "The Book of Cryptocurrency".

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

LATEST NEWS

spot_imgspot_imgspot_img