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 | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |