Banks

VTB Bank (Armenia) financed fashion clothing from Italy

YEREVAN, February 3. / ARKA /. VTB Bank (Armenia) funded the delivery of the famous Italian fashion brand Marina Rinaldi and Maxmara in January 2010 through the opening in favor of the Italian partners of the Armenian company Modamaks, the press office of the Bank reported. 

"In accordance with the Bank's strategic development program for 2008-2010, as well as paying particular attention to financing export-import activities to small and medium-sized businesses, VTB bank (Armenia)" continues to increase the resources allocated to finance transactions in trade," said the report. 

CJSC VTB Bank (Armenia) offers its clients a full range of services when making international payments in the form of documentary operations, and if necessary implementing individual schemes of calculations using the instruments of credit and trade finance through foreign resources. 

Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the VTB Group in April 2004. Currently the bank VTB is the full owner of Bank VTB (Armenia) closed joint stock company. –0-


 



03/02/2010 17:53


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Market USD exchange rates
Market EUR exchange rates
Market exchange rates 12/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 392.62 1.21
Euro EUR 1 540.01 5.34
Russian Rоublе RUR 1 13.40 0.11

Favorable еxchange rates of banks 12/03/2010
Currency Buy Sell
USD 391.5
Armenian Development Bank
 394
ACBA-CREDIT AGRICOLE BANK
Araratbank
Byblos Bank Armenia
Conversebank
ProCreditBank
“ArmSwissBank”
Euro 534
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Prometey Bank
“ArmSwissBank”
 541
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.2
"VTB Bank (Armenia)"
Ardshininvestbank
BTA Bank
Prometey Bank
 13.35
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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