Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Ivan Telegin resigns as CEO of VTB (Armenia)

YEREVAN, July 15. /ARKA/. VTB (Armenia) CEO and Chairman of Board of Directors Ivan Telegin will resign July 18 due to family circumstances after holding this position since February 2018, the bank’s press service said in a statement today.

“Under the leadership of Ivan Telegin, VTB (Armenia) has managed to become one of the strongest banks in Armenia, significantly increasing its presence in key segments of the local financial market. Over these years, a professional team has been created that has managed to implement the strategic initiatives of VTB Group and achieve record profits. Suffice it to say that today every third bank client in the country is served by VTB (Armenia). We are grateful to Ivan and wish him every success in his future professional activities,” said VTB Deputy President and Chairman of the Management Board Denis Bortnikov.

VTB (Armenia) will continue its development as a priority regions for VTB Group. Bank products and services are available to retail and corporate customers.

VTB (Armenia) intends to continue its involvement in key government programs and to launch innovative solutions to support the development of the entire Armenian financial market, including the digital business.

VTB Bank (Armenia) runs over 60 branches offices throughout the country, more than 200 ATMs and about 120 service terminals.

Ara Avagyan, Director of Corporate Business Development Department at  VTB (Armenia) will temporarily perform the duties of CEO. The bank said it will announce further personnel decisions later. -0-

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

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.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img