VTB Bank (Armenia) CEO to continue career at Russia’s bank Otkritie

YEREVAN, February 22. /ARKA/. VTB Bank (Armenia) CEO Yury Gusev, who has worked in VTB Bank (Armenia) for nine years, of which six years as head of the bank, will continue his career in Russia by leading the Moscow business at Bank Otkritie, Member of VTB Bank Management Board Vladimir Verkhoshinsky said Wednesday at a news conference.

Verkhoshinsky thanked Yury Gusev praising the team of VTB Bank (Armenia).

“We, as parent bank, have always been happy about the results of BTV Bank (Armenia), which is one of pivotal banks…” he said.

He also said that Retail Business Head Ivan Telegin will be Gusev’s successor at VTB Bank (Armenia).

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

Armenia to establish endemic seed bank to protect agriculture from climate change

The Armenian-French "Seed" program, supported by the Acba Federation, was presented at COP17.

Net inflow of remittances to Armenia from abroad almost doubled in 9 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, exceeded $2 billion in January-September 2026, compared to $1.02 billion in January-September 2025, according to a report from the Central Bank of the Republic.

Euro and dollar rose against the Armenian dram, while the ruble weakened: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.36 points on November 2, 2026, compared to October 30, 2026, to 360.6 drams.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s public debt-to-GDP ratio in 2027 may exceed the expected 2026 figure by 0.7 percentage points

Armenia's public debt-to-GDP ratio in 2027 is projected to be 47.2%, which is 0.7 percentage points higher than the expected 2026 figure, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img