Newsfeed

Deputy chief of Yerevan Police urges protesters to lift barricades and go home

Areximbank-Gasprombank Group Propelling its Statutory Capital to a Leading Position

Free SMS for Orange prepaid and monthly subscription customers

Volume of VTB Bank (Armenia) "VISA VTB Cosmopolitan" Non-Cash Operations Increased by more than 40%

ROSGOSSTRAKH ARMENIA Shortening the OSAGO Reimbursement Dates

Georgian Political Expert: Georgia to Gladly Accept USA's Offer to Host Military Objects and Forces

Press conference dedicated to the 9th International Tchaikovsky Competition for Young Musicians.

Electric Networks of Armenia keen to ensure its receivables through court action

Special Investigation Service of Armenia initiates criminal case over Police use of force to disperse protests against electricity price hikes

Expert: Nationalization of ENA will halt investments and reduce donations to Armenia

Ambassador: Yerevan's new differentiated foreign policy line bringing fruits

"City Talks": the embedded airtime can also be used for calling to 374 97 and 374 47 networks, USA, Canada and Russia

Stratfor: "Any change in tactics to protesters could enflame the protests and escalate the situation in Armenia"

Andrey Areshev: Forces demonstrating preconditions for Maidan-like revolution in Armenia should not push things too far

Joint Offer from INECOBANK, ARAY and Technolife - 15% Return of Non-Cash Payment to Cardholders

Founding Parliament says its members suffering political persecutions

Foreign Minister of Armenia: Authorities taking measures to establish dialogue with protesters

Deputy Demanding to Explain the Situation on Russian Loan and Energy Rate Compensation Funds

Ministry of Defence of Armenia: no Penny from Russian 200-mln-USD Loan to be Allocated for Energy Rate Compensation

Deputy-General Threatening to Kick Those who are Responsible for Fraud at "Electric Networks of Armenia"

Armenian Police Withdrawing Special Vehicles from Baghramyan Ave

Newspaper: Within Soft Loan Russia is to Procure Armenia with "Iskander M" Missile Complexes

Armenian parliament speaker calls on protesters to put an end to climate of distrust in country

Zaruhi Postanjyan says no justice possible unless Permyakov is transferred to Armenian law-enforcement

Peskov: Presidents of Armenia, Russia have not discussed electricity price in Armenia

Free eye care services rendered in Lori region thanks to Armenian Eye Care Project and Orange Foundation

VivaCell-MTS offers new smartphones for AMD 1 in case of subscribing to "STARTPHONE" tariff plan for 24 months

Newspaper: Americans and Europeans want to buy Electric Networks of Armenia

ANC: Situation in Armenia is the result of permissiveness of state governance bodies and law-enforcement structures

Newspaper: High electricity and gas tariffs will hamper re-launch of Nairit Plant

Vladimir Gasparyan: Armenian police have no intention "to break" the youth in Baghramyan Ave

Regional

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

  • by Karina Melikyan

  • Wednesday, July 30, 16:12

 "In relation to the U.S. sanctions against a number of Russian banks, including VTB Bank OJSC, we announce that VTB Bank (Armenia) is operating as usual, providing the full spectrum of services related to deposit and loan contracts, as well as money transfers and payments by means of bankcards", says the official press release of VTB Bank (Armenia).  

The source says that the sanctions will have no effect on the customers of VTB Bank (Armenia). The Bank will keep providing the whole spectrum of services in all currencies. The representatives of Visa and MasterCard have already confirmed that the Bank's plastic cards can be applied without any restrictions both in Armenia and abroad.    

The official stance of VTB Bank OJSC is as follows, "VTB regrets the US Government's decision to limit the bank's access to capital markets. This move appears particularly misguided given that VTB strictly adheres to all applicable international laws and regulations, including those set out by the US authorities, which they are well aware of. We view this decision as politically motivated, unfair, legally dubious and economic damaging for all parties.

VTB is a systemically important institution in Russia with a diverse international presence and solid financial position. In spite of the discriminatory decision taken by the US, VTB will continue to meet all of its obligations to its clients, investors and other stakeholders.

The measures taken by the US Government to restrict VTB's access to the capital markets do not impact the bank's operational performance and creditworthiness. VTB enjoys an excellent reputation among international investors, and has a very strong borrowing record and expertise in various geographies in addition to western markets. We are confident in our ability to raise new funding when necessary".

VTB Bank (Armenia) joined VTB Group in Apr 2004. 100% of its shares are owned by VTB Bank. The bank has the biggest branch network in Armenia (67 branches all over the country). 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields
Classifieds

ArmInfo News Agency -vacanсy

TITLE: Russian – English Translator LOCATION: Yerevan, Armenia EMPLOYMENT TYPE: Part-time JOB DESCRIPTION: ArmInfo News Agency is looking for a Russian-English translator to work evening shifts. Graduates are encouraged to apply. APPLICATION DEADLINE: 15 July 2015 PROBATIONARY STATUS: at least 1 month depending on the progress