Wed, 23 July
26.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

VTB bank (Armenia) not considering merger or other deal

YEREVAN, September 30. /ARKA/. VTB Bank (Armenia), a 100% subsidiary of Russian VTB Bank,  is not considering any merger or acquisition deal in Armenia now,  VTB24 Board Chairman Mikhail Zadornov told a news conference today in Yerevan, adding: “Never say never.”

Currently, there are 20 commercial banks operating in Armenia. In 2015 Inecobank acquired the 100% stake in German ProCredit Bank.

On August 24, 2016 the Central Bank registered the deed of transfer, and approved the updated charter of Armeconombank, according to which BTA Bank terminated its activities while Armeconombank becomes its legal successor. -0-

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Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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