About 12 Thousand Pensioners In Armenia Are Served By The Cards Of Bank VTB (Armenia)

YEREVAN, May 18. /ARKA/. Bank VTB (Armenia) serves about 50 thousand pensioners, of which 12 thousand are served by the cards, said General Director, Chairman of Directorate of the Bank VTB (Armenia) Valeri Ovsyannikov in the international press-center “Novosti”.

From 2011, new procedure of pension payments operate in Armenia, which is implemented through the banks of and payment systems Armenia. Payments of pensions by the new order started from March 2011 in the country.

“Now we serve about 50 thousand pensioners which is about 10% of total size of payments in the country”, he said answering the questions of “ARKA” news agency.

Ovsyannikov said that the bank aims at the increase of the number of cardholder-pensioners and suggests them more convenient services.

There are certain problems and issues in the system of pension payments, but he hoped that the banking system jointly with the government will find solutions for the provision of opportunities for the pensioners to get their pensions by cards any time in any department, branch and ATMs of the bank by the cards.

According to the Ministry of Social Welfare of Armenia, as of December 31, 2010 there live over 519.8 thousand pensioners in Armenia. Average size of pension is 24.7 thousand drams.

CJSC “Bank VTB (Armenia)” became participant of international financial group VTB in April 2004. Currently it is the second largest in Russia, VTB Bank (CJSC) owning 100% of shares of “Bank VTB (Armenia)”. The Bank is traditionally among the leaders of the banking system of Armenia by a number of key indicators. The Bank now owns the largest branch network in the country – 68 branches. ($1 – 373.74 drams).–0—

spot_img

POPULAR

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img