VTB Bank (Armenia) has started providing lombard loans against diamonds and goldware. According to the press service of VTB Bank (Armenia), the loans will be provided at the bank's Erebuni, N15, Shahumyan, Gyumri and Vanadzor branches. The loan is issued in AMD at a minimum interest rate of 22% for a maximum period of 540 days.
VTB Bank (Armenia) has prolonged working time at some of its branches from 5:30 PM to 8:00 PM.
Ardshininvestbank is going to buy the shares of Artsakh Investment Fund so as to be able to take part in its mortgage program in Nagorno-Karabakh, the bank's CEO Mher Grigoryan said at a meeting with Nagorno-Karabakh's Prime Minister Ara Harutyunyan on Friday.
Moody's Investors Service has assigned the following ratings to VTB Bank (Armenia): local currency deposit rating of Ba1, foreign currency deposit rating of Ba3, bank financial strength of D- (equivalent to a ba3 baseline credit assessment [BCA]), and Not- Prime short-term deposit ratings.
ACBA-Credit Agricole Bank has opened a new branch in Yerevan's Malatia-Sebastia community. The branch is called Kesaria and is located at 93/3 Sherama Street.
VTB Bank (Armenia) has sponsored a holiday for children with disabilities in Stepanavan's Elen holiday center. The bank's this year's Summer All Inclusive Camp 2014 program will cover over 200 kids.
An event dedicated to the International Youth Day will be held in Yerevan's English Park today at 6:00 PM.
Anelik Bank drew two vacation packages to Hurghada, Egypt, for its active depositors on 11 August. The winners are Narine Badalyan and Hasmik Galustyan. The tickets were provided by Intercontinental Travel Agency.
Fitch Ratings has affirmed Armenia's Long- term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks are Stable. The issue ratings on Armenia's senior unsecured foreign and local currency bonds have also been affirmed at 'BB-'. The Country Ceiling has been affirmed at 'BB' and the Short-term foreign currency IDR at 'B'.
VTB Bank (Armenia) has enlarged the range of its services. So, from now on its customers will be able to use Telcell terminals to increase not only their bank accounts/card accounts but also deposits.
VTB is critical of the EU's decision to restrict its access to capital markets. According to the press service of VTB Bank (Armenia), this is contrary to the democratic values of the Europeans, who are just doing the Americans' bidding against their own interests.
"In relation to the U.S. sanctions against a number of Russian banks, including VTB Bank OJSC, we announce that VTB Bank (Armenia) is operating as usual, providing the full spectrum of services related to deposit and loan contracts, as well as money transfers and payments by means of bankcards", says the official press release of VTB Bank (Armenia).
In Q2 2014 VTB Bank (Armenia) confirmed its leadership in lending. According to the press service of VTB Bank (Armenia), as of July 1 2014 the bank's loan book exceeded 230bln AMD (1.4% growth in Jan-June 2014). This is 12.4% of all loans in Armenia's banking system.
ArmInfo’s Interview with Artashes Shaboyan, Senior Research Specialist at Ameria Group
Interview of Chairman of Converse Bank Board, Tigran Davtyan, with ArmInfo news agency
According to the results of the first half of 2014, the growth rates of Ameriabank's indices exceed average market level, Deputy Director General - Financial Director of Ameriabank, Gevorg Tarumyan, said at today's press-conference.