Thu, 27 November
2.1 C
Yerevan
USD: 381.07 RUB: 4.86 EUR: 441.47 GEL: 141.14 GBP: 503.97

VTB Bank (Armenia) inaugurates renovated servicing hall

YEREVAN, July 3. / ARKA /. The Russian-owned VTB Bank (Armenia) has inaugurated today the renovated servicing hall at its head office in downtown Yerevan. Artak Khachatrian, head of retail banking division, said the Bank’s development strategy calls for a dramatic improvement of the quality of services. He said the renovated servicing all has a queue management system, as well as special negotiation rooms and VIP service zones.

Khachatrian said the Bank plans to remodel ten of its branches this way this year and the rest later.

According to acting chief executive officer of the Bank, Yuri Gusev, the main goal of investing into renovation of the branches and service points is to create comfortable conditions for serving customers.

Oleg Aghasian, Central Bank of Armenia Board member, said over the last five years the Bank reported annually a 30 percent rise in its assets portfolio and a 40 percent rise in credit portfolio.

He said the credit portfolio makes 75% of the total assets.

VTB Bank (Armenia) is owned fully by the second largest Russian VTB Bank. VTB Bank (Armenia) has 68 branches across Armenia. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img