Tue, 2 December
9.1 C
Yerevan
USD: 381.24 RUB: 4.90 EUR: 442.43 GEL: 141.15 GBP: 502.97

VTB bank (Armenia) supports Armenia’s windsurfing championship

YEREVAN, August 15. /ARKA/. Armenia’s windsurfing championship that kicked off on August 13 on Lake Sevan and will run through August 20 is supported by VTB Bank (Armenia). The competition involves more than 20 windsurfers, who are fighting for 8 prizes, the bank said in a press release.

“VTB Bank (Armenia) aims to popularize a healthy lifestyle among children and young people by  supporting both professional athletes and amateurs”, the Russian-owned bank said.

The Yerevan Sailing Club was established 10 years ago. The club has a permanent base in Yerevan and another one on the shore of Lake Sevan, where the windsurfers, as well as members of the club train. Every year the windsurfing club admits up to 100 children.

‘VTB Bank (Armenia), seeking to promote sustainable development and improve the quality of life of young people, shows regular support to mass and professional sports, including the Yerevan Sailing Club,’ the press release says.

VTB Bank (Armenia) was entirely acquired by Russian VTB Group in 2004. It runs 65 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 the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

LATEST NEWS

spot_imgspot_imgspot_img