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

VTB bank (Armenia) denies allegations it collects intelligence for Azerbaijan

YEREVAN, April 7. /ARKA/. The Yerevan-based VTB Bank (Armenia) described  reports in some news media outlets alleging that it was collecting intelligence for Azerbaijan as  ‘a lie,’ that denigrates  the reputation of the bank and misleads Armenian residents.

“The authors of these insinuations shamelessly used a dramatic moment in the political life of Armenia, capitalizing on the sincere feelings of the Armenian people,” the bank said in a statement.

“Allegations by dubious portals that VTB Bank (Armenia), which is a 100% subsidiary of Russian VTB, whose 3%  is owned by Oil Fund of Azerbaijan, is causing harm to Armenia and serves as intelligence gathering center in favor of Azerbaijan are stupidity and nothing else,”  the statement says.

According to the statement, these blatant allegations misleading   Armenians also threaten the financial stability of the country.

“If these allegations, damaging the business reputation of VTB Bank (Armenia) and misleading the  citizens of Armenia continue, we reserve the right to take the necessary legal measures, including prosecution,  to protect our  rights, interests and the reputation,’ it says.

VTB Bank (Armenia) runs 67 branches in Armenia. -0-

spot_img

POPULAR

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

LATEST NEWS

spot_imgspot_imgspot_img