VTB Bank (Armenia) offers its clients to buy insurance policies

YEREVAN, February 28. /ARKA/. VTB Bank (Armenia) offers its clients to buy insurance policies, including voluntary insurance, the bank’s press office reported on Monday. They can do it from February 2011in all the branches of the bank and the head office.

According to the press release, the bank’s cooperation with ROSGOSSTRAKH-ARMENIA and Ingo Armenia companies will save clients’ time.

The bank’s officers will provide necessary consultations to clients.

“Banking and insurance continue forming a common functional and organizational system in Armenia,” said Artak Khachatryan, chief of the bank’s retail business division. “In many countries, banks constitute one of the main channels of sales of insurance policies. Financial service consumers’ mentality implies simultaneous operations. Clients save time and appreciate it. Before now, VTB Bank (Armenia) offered only mandatory car insurance to its clients, but being unwilling to be limited with that, we have introduced the system of sales of other kinds of insurance. The bank is ready to offer accident insurance, immovable property insurance and vehicle insurance to its clients.”

Khachatryan stressed that clients can buy their insurance policies in installment.

VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 68 branches all over Armenia’s territory.

VTB Bank (Armenia) is traditionally reckoned among leaders for general indicators. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

LATEST NEWS

spot_imgspot_imgspot_img