VTB Bank (Armenia) given STP Award 2016

Banks

YEREVAN, November 27. / ARKA /. VTB Bank (Armenia) said today the Citibank gave it the STP Award 2016 for the high quality of international money transfers. It said the Straight Through Processing award confirms that the services rendered by VTB Bank (Armenia) comply with high quality standards of international settlements, the observance of which ensures the execution of payments in automatic mode without manual processing.

The STP Award 2016 is given to Citibank’s partner banks around the world, which provide the best balance between the number of payments and the quality of issuing payment instructions.

VTB Bank (Armenia) was acquired by Russian VTB Group in 2004. The bank runs 67 branches across Armenia. -0-

spot_img

POPULAR

Announces

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.
Capital market

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).
Economy

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."
Banks

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.
Economy

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
цб
Armenian central bank working now to introduce single money transfer system ARUS
Next article
Converse bank completes placement of second issue of USD-denominated bonds
Converse bank completes placement of second issue of USD-denominated bonds