YEREVAN, February 28. /ARKA/. Armenia’s Central Bank issued a statement today in connection with the sanctions imposed by the West against the Russian state bank VTB.

"Bank VTB (Armenia) CJSC operating in Armenia was established  in accordance with the Armenian legislation and is regulated and controlled by the Central Bank of Armenia. In the current situation the services and instruments of  VTB Bank (Armenia)  will be fully available to customers, except for some restrictions related to money transfers. More details about the latter can be found on the official website of the bank at www.vtb.am," said the Central Bank of Armenia.

It said also that VTB Bank (Armenia) has sufficient liquidity and capital to service all its liabilities. "The bank also has opportunity to take advantage of liquidity tools of the Central Bank," the regulator pointed out.

All 100% of shares of  VTB Bank (Armenia)  are owned by the Russian state bank VTB. --0--