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Tag: Gusev

ADB’s current credit portfolio in Armenia stands at $647.5 million, while total investment at  $1.74 billion. – EXCLUSIVE

Interviews admin -
Asian Development Bank's (ADB) senior economist Grigor Gyurjyan and project analyst Anna Sargsyan spoke in an exclusive interview with ARKA news agency about the ADB's investments in Armenia, areas of cooperation and future partnership

Gusev: VTB Bank (Armenia) has invested more than $5 million over three years in improvement of its network of branches

Banks admin -
VTB Bank (Armenia) has invested more than $5 million over three years in improvement of its network of branches, Yuri Gusev, VTB Bank (Armenia) CEO and head of its directorial board, told journalists on Wednesday

Russian VTB Bank provides $283 million for construction of mining plant in Teghut of Armenia

Banks admin -
Russian VTB Bank provided $283 million for construction of a mining and concentration plant in Teghut of Armenia, the press office of VTB Bank (Armenia) reported

VTB Bank (Armenia) acting General Director congratulates ARKA staff on the Agency’s birthday

Banks admin -
VTB Bank (Armenia) acting General Director congratulates ARKA staff on the Agency’s birthday.

Bank VTB (Armenia) plans to increase its outstanding credit portfolio by 25-30% this year

Banks admin -
Yuri Gusev, head of the financial department of the Russian-owned Bank VTB (Armenia), said today it plans to increase its outstanding credit portfolio by 25-30% this year.

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Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Euro exchange rate plunges by 4.12 points to AMD 414.32

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The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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