VTB Bank Armenia expands online regional networkApril 28, 2009 - 21:36 AMT PanARMENIAN.Net - VTB Bank Armenia expands its online regional network. Branches in Hrazdan, Vedi, Artashat and Masis have been already linked. Up to June 20, 2006 VTB Bank (Armenia) has operated under the name Savings Bank of the Republic of Armenia. Armsavingsbank was founded in 1923 with an aim to render banking services, particularly to attract savings and grant consumer loans. Since April 2004 one of the RF leading banks, Vneshtorgbank, became the shareholder of over 70% of Armsavingbank shares, thus Armsavingsbank became integrated into the network of Vneshtorgbank subsidiaries operating worldwide. In June 2006 Armsavingsbank was renamed to VTB Bank (Armenia) CJSC. In July 2007 VTB acquired 30% less one share from Mika Armenia Trading LTD company and became the sole shareholder of 100% shares of its subsidiary in Armenia, VTB Bank (Armenia) CJSC. Activity Program of VTB Bank (Armenia) envisages further expansion of Armenia's economy financing. Beside, the Bank constantly renews the range of services offered to retail business customers and enlarges its activities in most diverse spheres of business, from small enterprise servicing to expansion of collaboration with major corporate clients. Bank has 78 branches and 848 employees. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Mirzoyan says meeting with Bayramov was “constructive” At the moment, Ararat Mirzoyan said, there is no basis for additional comments. OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. 151 detained as civil disobedience campaigns continue in Yerevan Citizens have been blocking streets in the Armenian capital, demanding Nikol Pashinyan’s resignation. France welcomes Armenia-Azerbaijan meeting in Almaty France has welcomed the new round of negotiations between the foreign ministers of Armenia and Azerbaijan. |