YEREVAN, September 19. / ARKA /. Andrei Kostin, CEO of VTB Group, Russia's second largest bank, said on Friday he does not believe that the European Union will cut Russia off the SWIFT inter-bank financial system.

"I think this is not going to happen. I would have called it an act of direct aggression against Russia's financial system with all subsequent consequences. This is a very tough measure," Kostin was quoted as saying by Prime news agency.

A resolution adopted by the European Parliament Thursday calls on the European Union to  consider excluding Russia from the SWIFT system and canceling agreements with Moscow in the energy sector, including the South Stream pipeline project.

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Tags: Russia, SWIFT, VTB

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VTB, one of the largest Russian banks which were hit by fresh Western sanctions over Russia’s policy on Ukraine, has strongly disapproved the decision of European authorities to limit the Group’s access to capital markets in a statement posted on its official website

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Tags: CAPITAL, Europa, VTB

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VTB experts assess international export and import factoring between Armenia and Russia at about $800 million a year, VTB Bank (Armenia ) said

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VTB Capital, the investment business of VTB group, the second largest Russian bank, has acquired 9.9% of the capital of Bulgarian lender Corporate Commercial Bank from Dewa International Limited

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VTB Bank (Armenia) said Monday it had joined Visa Money Transfer system and launched the service for the Visa cardholders enabling them to transfer money from one VTB card

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Tags: service, VTB

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Bank VTB (Armenia) joins VTB group single ATM Network.

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Tags: Bank VTB (Armenia), network, VTB

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Bank VTB (Armenia) is one of the leaders by the provision of factoring services in the banking market of Armenia. Press-service of the Bank informed ARKA News Agency that by the results of the third quarter of 2011, total volume of financing of factoring was 709 million drams.

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CJSC “Bank VTB (Armenia)” announces about the conduction of unprecedented action of deposits in regard with the Great Victories in May.

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Upon the decree of the CBA activity of leasing credit organization “VTB Leasing” was terminated.

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Tags: Armenia, leasing, VTB

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Assets of VTB Bank (Armenia) have grown 5.6% since late 2009 and reached AMD 125.6 billion by late March 2010.

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Tags: Armenia, ASSETS, VTB

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