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- Country Name: Armenia
- Assets: AMD 379,636
- Profits: AMD 777
- Ownership: 100% VTB OJSC
- Date Modified: Nov-2015
Syndicated Analyses:Moody's Corporation "Moody's downgrades two Armenian banks' ratings; outlooks changed to negative from stable" 19-Jan-2015:
Given the bank's exposure to the deterioration in Armenia's operating environment, the bank's standalone credit profile is likely to be influenced by the pressures on its asset quality and profitability. Furthermore, the bank's stand-alone credit assessment is closely linked with VTB Bank, JSC's stand-alone credit standing (BFSR of D- on review for downgrade, equivalent to ba3 BCA) as it represent an integral part of the group's franchise and business activity.
The negative rating outlooks imply that upward pressure on the long-term debt and deposit ratings of Ardshinbank and VTB Bank (Armenia) is unlikely in the next 12 months.Wikileaks "Bear Baiting - the EU's Sectoral Sanctions Against Russia" 06-Aug-2014:
The European Union (the "EU") has over the course of the last two days adopted wide-ranging sectoral sanctions against the Russian Federation, which will apply throughout the EU's 28 member states.
The prohibitions on the EU's capital markets. It was widely publicised that the Sectoral Regulation would include restrictions on access to the EU's capital markets for majority state-owned Russian banks. The EU has not, however, applied these limitations to all such banks but rather to a specified list of such banks contained in Annex III.
The banks are: Sberbank VTB Bank Gazprombank Vnesheconombank (VEB) Rosselkhozbank (Russian Agricultural Bank)