Wed, 2 July
22.1 C
Yerevan
USD: 384.51 RUB: 4.89 EUR: 452.41 GEL: 141.37 GBP: 526.78

VTB Bank (Armenia) financing construction of modern guest complex in downtown Yerevan

YEREVAN, June 13. / ARKA /. VTB Bank (Armenia) said today it is financing the construction of a modern guest complex in downtown Yerevan that will comprise apartments, office space, retail trade outlets, restaurants and a fitness center.

“The amount of funding is 8 billion drams. The construction company is D&H Group. The project is scheduled for completion in 2016,” the bank said in a press release.

Bank VTB (Armenia) CEO Yuri Gusev was quoted as saying that the construction of the new guest complex will create new jobs during the construction and during the complex’s operation.

D&H Group was established in 2007 to implement Dalma Plaza project. In 2013 the company was acquired by a group of companies Logicon.

VTB Bank (Armenia) is owned fully by Russian VTB Bank. It runs 67 branches across Armenia. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img