RUSSIAN VNESHTORGBANK ACCOMPLISHING PURCHASE OF ARMSAVINGSBANKFebruary 13, 2004 - 18:06 AMT PanARMENIAN.Net - Russian Vneshtorgbank (VTB) is accomplishing the process of purchasing the Armsavingsbank, the biggest bank in Armenia after the HSBC branch, VTB chairman of board deputy Vladimir Dmitriyev told Vedomosti Russian newspaper. According to the newspaper, Ekaterina Trofimova, the analyst of Standard & Poor's rating agency states VTB's interest toward Armenia, Ukraine and Belarus as rather justified. "Ukraine, Belarus and Armenia present the most advanced markets of the CIS states, except of Kazakhstan, where Russian banks have no access. The market here is not fully developed, yet its potential is very high. The circulation of commodities between the CIS companies is being activated. However there does not exist such a network, which could provide international calculations. That is why, the banks, which start establishing links between the CIS countries will benefit", the bank analyst considers. Top stories The Armenian Defense Ministry has denied Azerbaijan's accusations of violating the ceasefire. Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. Partner news | Moody's upgrades IDBank's rating Moody's has upgraded ID Bank CJSC's (IDBank) long-term local and foreign currency bank deposit ratings to Ba3 from B1. U.S. “very clear” with Azerbaijan: “It’s time to make peace with Armenia” James O'Brien has said that the United States is “very clear” with Azerbaijani that it is a time to make peace with Armenia. PACE adopts resolution on Armenia's commitment to reforms PACE welcomed the electoral reforms implemented by Armenia in accordance with the recommendations of the Venice Commission. Armenia, Germany discuss ties, South Caucasus peace process Armenian lawmakers met with the Minister of State at the Federal Foreign Office of Germany, Tobias Lindner. |