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

IDBank issued the 4th and 5th tranches of bonds of 2026

On June 12, 2026, IDBank placed registered coupon bonds through a public offering on the following terms:

Finance Minister Explains Reason for Armenia’s Public Debt Growth

Armenia's public debt in 2025 increased by 8.8% compared to 2024, stated RA Finance Minister Vahe Hovhannisyan.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

Euro, US dollar, and ruble fall against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of June 10, 2026, fell by 0.01 points compared to June 9, to 368.44 drams.

Market capitalization increased by 27.4% in May, exceeding 478 billion drams – Armenia Securities Exchange

Equity market capitalization increased by 27.4% in May 2026, exceeding 478.8 billion drams, the press service of the Armenia Securities Exchange (AMX) reported.

LATEST NEWS

spot_imgspot_imgspot_img