VTB acquires 19% stake in Qatari Cqur bank

Banks

YEREVAN, August 15. /ARKA/. Russia’s second biggest bank VTB has acquired a 19% stake in Qatari CQUR Bank, RBC news agency reported on Thursday, citing VTB’s quarterly financial report.

Qatari CQUR Bank was registered in January, 2019. The bank’s authorized share capital is $100 million; the issued share capital is $25 million. The other shareholder is Amathus Investment Fund.
In 2018, VTB acquired Vozrozhdenie Bank, Nizhny Novgorod Sarovbiznesbank and Tyumen Zapsibkombank. -0-

spot_img

POPULAR

Banks

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.
Economy

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.
Economy

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.
Economy

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.
Exchange market

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Dow Jones plummets 800 points
Dow Jones plummets 800 points
Next article
ипотека, дом, недвижимость
Armenian prime minister says mortgage loans break record