14 Mar 2022 17:56

VTB Armenia has plenty of liquidity - country's Central Bank

YEREVAN. March 14 (Interfax) - VTB Bank Armenia is operating regularly, has plenty of liquidity, and is servicing deposits uninterruptedly, Armenia's Central Bank said in a statement.

"VTB Bank Armenia is currently working to restore proper and complete service to its cardholders in Armenia. At this time, the bank's customers can freely complete transactions at the bank's ATMs, as well as render the necessary transfers and payments at the bank's branches, or by using funds via remote service," according to the statement.

"The bank has sufficient liquidity and capitalization. All the Central Bank's instruments of permanent liquidity provision are fully available to the bank," according to the press release.

VTB is included in the Specially Designated Nationals and Blocked Persons (SDN) List, thereby subject to blocking sanctions, with its assets frozen in the United States and the United Kingdom. In the post-Soviet area, VTB Group banks operate in Belarus, Azerbaijan, Armenia, and Kazakhstan, and in Georgia until the beginning of March of this year.