Tue, 24 February
5.1 C
Yerevan
USD: 376.97 RUB: 4.91 EUR: 444.71 GEL: 140.91 GBP: 509.10

VTB (Armenia) supported the inter-university Universiade – 2025

YEREVAN, April 30. /ARКА/. VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.

This year, an impressive 18 universities from across Armenia are taking part, with students showcasing their skills in various sports, including futsal, basketball, volleyball, swimming, table tennis, shooting, and chess.

In addition to sports, the Universiade features a vibrant cultural program highlighting creative talents through dance, theater, and vocal performances, along with the screening of social videos.

For those with a thirst for knowledge, intellectual tournaments like “What? Where? When?” have been organized, allowing participants to showcase their quick thinking and teamwork skills.

Ara Avagyan, CEO and Chairman of VTB (Armenia), emphasized the importance of this initiative, stating, “Supporting the Universiade goes beyond a mere social responsibility for us. It’s a strategic investment in our country’s future. These projects unveil the potential of young talent, provide avenues for professional development, and foster collaboration among universities. It’s especially rewarding to see the event merge sports, intellect, and creativity, cultivating well-rounded professionals.”

The Universiade is a pivotal event for the student community in Armenia. Edward Sandoyan, Rector of Russian-Armenian University, expressed gratitude for VTB (Armenia)’s support, saying, “Their involvement is paving the way for new avenues of student self-realization and enhancing inter-university collaboration.”

VTB Bank (Armenia) CJSC operates under the regulations of the Central Bank of the Republic of Armenia.-0-

spot_img

POPULAR

Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

Armenia’s gross reserves up by about USD 100 million, reaching USD5.2 billion in January

In January, the AMD appreciated by 0.4 percent (mom) against the USD and EUR, according to World Bank's «Armenia Monthly Economic Update – February 2026».

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%).

Armenia’s banking system is stable, and a positive impact from TRIPP implementation is expected: UBA head

Armenia's banking system is assessed as stable based on stress tests, and banks are reasonably well capitalized. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated this in response to a question from ARKA news agency.

Euro, dollar and ruble exchange rates against the Armenian dram have increased

The average market exchange rate for the US dollar against the Armenian dram, as of February 18, 2026, increased by 0.86 points compared to February 17, reaching 377.69 drams.

LATEST NEWS

spot_imgspot_imgspot_img