Wed, 25 February
1.1 C
Yerevan
USD: 377.84 RUB: 4.93 EUR: 445.25 GEL: 141.25 GBP: 509.74

VTB Bank (Armenia) holds charity fair to mark spring holidays

YEREVAN, March 28. / ARKA /. In connection with spring holidays VTB Bank (Armenia) held a charity fair in its head office to help single mothers. The bank said its female employees had been preparing for the fair with great enthusiasm for a whole month.

The fair was organized to support the activities of the charitable organization called Armenian Mothers. Employees of the bank took part in it by putting up for sale sweets, dishes, decorations and various hand-made goods.

The goal of the charity fair was to help single mothers and children diagnosed with Cerebral Palsy (CP). The proceeds raised by the bank’s employees will be used to train mothers in such professions as confectionery, hairdressing, sewing, etc., so that they can take care of their children and provide them with treatment without leaving home.

A total of 683,000 drams were raised by the fair which was doubled by the bank making the total amount 1,366,000 drams. The money will be used to train and provide everything necessary for further earnings to 6 mothers of children with disabilities.

VTB Bank (Armenia) helps and supports children and their parents in need of help in every possible way, and annually allocates funds for health charity and sponsorship.

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). -0-

spot_img

POPULAR

IV Conference Capital Markets Armenia to Take Place on March 13, 2026, in Yerevan

The IV Conference Capital Markets Armenia, an annual international event dedicated to the development of the capital market of the Republic of Armenia and its integration into the global financial system, will be held in Yerevan at the Marriott Hotel.

Investment portfolio of Armenian credit institutions in 2025 exceeded 103 billion drams

The total investment portfolio of Armenian credit institutions at the end of 2025 amounted to 103.4 billion drams, according to the consolidated financial report of the country's credit institutions.

Capital of credit institutions in Armenia increased by 10.8% in 2025, exceeding 453.8 billion drams

The total capital of Armenia's credit institutions at the end of 2025 amounted to 453.9 billion drams, an increase of 10.84% ​​compared to 2024, according to the consolidated financial report of the country's credit institutions.

Assets of Armenian Credit Institutions Grew by 11.93% to AMD 859.9 Billion in 2025

The total assets of Armenia's credit institutions as of December 31, 2025, amounted to AMD 859.9 billion, an increase of 11.93% compared to December 31, 2024.

Net profit of Armenian credit institutions in 2025 increased 2.9-fold to 56.9 billion drams

The total net profit (after tax) of Armenian credit institutions in 2025 amounted to 56.87 billion drams, compared to 19.50 billion drams in 2024 (an increase of 2.9-fold, or 191.6%).

LATEST NEWS

spot_imgspot_imgspot_img