Armenia’s Central Bank issued a statement today in connection with the sanctions imposed by the West against the Russian state bank VTB
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Archive for February, 2022
Central Bank of Armenia: VTB Bank (Armenia) services will be available in full, except for restrictions related to money transfers
Monday, February 28th, 2022VTB Bank (Armenia): Western sanctions imposed on Russia will not affect safety and availability of customer funds
Friday, February 25th, 2022VTB Bank (Armenia), the Armenian branch of the Russian state-backed bank, said today it continues to provide the main types of financial services, maintaining a high level of liquidity and capital, saying also that the sanctions imposed by Western countries on Russia will not affect the safety and availability of customer funds
VTB (Armenia) customers can get business credit cards
Tuesday, February 22nd, 2022YEREVAN, February 22. /ARKA/. Companies and individual entrepreneurs may apply to VTB Bank (Armenia) for Visa and MasterCard business credit cards with a credit limit of up to 10 million drams.
‘Mysterious’ deal in Armenian banking sector or how Central Bank became shareholder of commercial bank
Monday, February 21st, 2022In a Facebook comment on a recent change of shareholders in Armbusinessbank, Armenia’s former minister of labor and social affairs Maneh Tandilyan describes it as a ‘mysterious deal
VTB Bank (Armenia) customers will get cashback for purchases by Visa cards
Wednesday, February 16th, 2022YEREVAN, Feb. 16. /ARKA/. VTB Bank (Armenia) and Visa international payment system have launched a joint #boomerangcashback promotion campaign designed for Visa cardholders, the bank’s press service reported.
Taxes paid by Armenian banks in 2021 grew by 7.7% from 2020
Wednesday, February 16th, 2022All 17 Armenia-based commercial banks paid last year 52.286 billion drams in various taxes, by 3.2 billion drams or 6.5% more than in 2020, while the amount of direct taxes grew by about 1.9 billion drams or 4.4% to 44.732 billion drams, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday
The number of banking cards issued by Armenia-based banks grew last year by 8.3%
Wednesday, February 16th, 2022The number of banking cards issued by Armenia-based banks grew last year by 8.3% from 2020, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday
Money transfers to Armenia in 2021 upped 14.6% to $2.109 billion
Wednesday, February 16th, 2022Individual money transfers sent to Armenia largely by migrant workers in 2021 through the banks grew by approximately $268 million or 14.6% when compared to the previous year, to $2.109 billion, according to the Union of Banks of Armenia (UBA)
Suspending Russia’s access to SWIFT will affect Armenia, UBA says
Wednesday, February 16th, 2022Banning Russia from the SWIFT financial system will have a negative impact on Armenia because of Armenian and Russian economics’ interconnections, Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA), told a news conference today
VTB Bank (Armenia) customers awarded 5% discount when applying for consumer loans
Wednesday, February 16th, 2022YEREVAN, February 16. /ARKA/. When applying for VTB Bank (Armenia) consumer loans until February 21 at the bank’s partner outlets, the bank’s clients will be awarded a discount on the purchase of goods, the bank’s press service said in a press release today specifying that the discount will make 5% of the loan amount.
