VTB Bank (Armenia) acted as general sponsor of my step for Lori marz investment forum

YEREVAN, February 25. /ARKA/. VTB Bank (Armenia) was the general sponsor of the My Step for Lori Marz investment forum in Vanadzor on February 23. The event was hosted by Armenia’s third largest town of Vanadzor, the capital of Lori province.

The forum, initiated by the Ministry of Territorial Administration and Development and the Lori Provincial Center, brought together major businessmen and investors from Armenia and other countries – Russia, Ukraine, Italy, USA, Australia, Iran, Lithuania, who looked into investment options for the development of the Lori province. Prime Minister Nikol Pashinyan was the key speaker at the event.

The business forum started with the opening of the exhibition of manufacturers of the Lori region, where VTB Bank (Armenia), as the general sponsor of the event, presented its products and services in a separate pavilion.

After visiting the exhibition, the guests and participants of the event gathered for a discussion on the most important investment issues in the Lori region.

VTB Bank (Armenia) CEO Ivan Telegin spoke at the forum. He said that VTB Bank (Armenia), which runs 70 branches across Armenia, including 5 branches in Lori, can rightly be called a people’s bank. He said also that the bank plans to open another branch in the region in the near future. He said the bank would like to see this forum serve as a powerful economic impetus for the development of new businesses, new economic projects and creation of new jobs.

VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). The bank runs 70 branches across Armenia. -0-

spot_img

POPULAR

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

Armenia set to enhance development of its capital market, targeting large issuers and new investors

YEREVAN, August 20. /ARKA/. The Armenian government prioritizes diversifying funding sources and advancing the capital market to foster sustainable and productive economic growth.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img