Tuesday, January 21 2014 13:57

VTB Bank (Armenia) recognized the Best Exchange Member in the Foreign Currency Market 2013 by NASDAQ OMX Armenia


ArmInfo. VTB Bank (Armenia)" cjsc was recognized as the Best Exchange Member in the Foreign Currency Market, competing with the other nominees, "Ardshininvestbank" cjsc and "Inecobank" cjsc, for this Award. Noteworthy that "VTB Bank (Armenia)" cjsc won this Award in 2010 too, while this year it was also nominated for the Best Exchange Member in the Government Bonds Market

Award and the Grand-prix, the NASDAQ OMX Armenia reported.

On January 17, 2014, at a press conference NASDAQ OMX Armenia announced the results of stock exchange and depository activities of 2013. Executive Officer of the Union of Banks of Armenia Seyran Sargsyan awarded the honorable prizes to the winners.

"We are very pleased to see that VTB Bank (Armenia) remains one of the active players on the NASDAQ OMX Armenia stock exchange and is declared the Best Exchange Member in the Foreign Currency Market. We will continue to improve the quality of our financial services and more actively involve in the stock exchange market," says Yuri Gusev, Director General - Chairman of Directorate of VTB Bank (Armenia) CJSC.

The Ceremony was held for the 4th time already and according to the results of 2013 the Awards were granted for the following nominations: the Best Exchange Member in the Corporate Securities Market, the Best Exchange Member in the Government Bonds Market, the Best Exchange Member in the Foreign Currency Market, the Best Exchange Member in the Credit Resources Market, and the Best Exchange Member.

Best Member Awards by NASDAQ OMX Armenia was introduced in 2010 to encourage investment services providers and exchange members actively involved in trading on the various Exchange markets, participating in activities dedicated to developing and improving the Armenian capital markets, as well as keeping the code of professional ethics.

Awards are granted once a year to the Exchange member companies based on the results of each year as of December 31.

VTB Bank (Armenia) CJSC joined VTB Group in April 2004. The second largest bank in Russia, VTB Bank OJSC holds 100% stake in VTB Bank (Armenia). The Bank is traditionally among the leaders in the banking system of Armenia in terms of key figures. It has the largest branch network (67) throughout the country.
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