Bank VTB Armenia leader in Armenian bank cards market

YEREVAN, July 31. /ARKA/. In the first six months of 2012 VTB Bank (Armenia) was the leading bank in terms of banking cards, the press service of the Russian-owned bank told ARKA. It said the first half of the year appeared to be quite successful for VTB Group’s subsidiaries in the former Soviet republics, whose retail businesses are overseen by VTB24.

“Since the beginning of 2012 the volume of transactions made by customers of Bank VTB (Armenia) by using plastic cards  exceeded 3.7 billion rubles, an increase of 42 percent over the same period last year,”-the press service of the bank said.

In 2011, Bank VTB (Armenia) joined a program to pay retirement pensions by cards and today it services nearly 40,000 clients. The number of the bank’s payroll cards has reached 118,000, an increase of 20,000 cards from  the beginning of the year, which makes 66 percent in the bank’s overall card portfolio.

The bank operates nearly 100 ATMs throughout the country; about half of them are located in Yerevan. During the first half of 2012 the total volume of transactions made with their help increased by 1.4 times to 4.4 billion rubles. As part of a joint program customers have the opportunity to make transactions through ATMs run by subsidiaries of VTB Group in Russia, CIS and Georgia with no commission.

Last year, VTB Bank (Armenia) launched co-branding projects with ArmenTel telecom (trading as Beeline) and  “Cosmopolitan Armenia” magazine. Customers of the bank may also use SMS-banking service, mobile and Internet geolocation of ATMs and other products. By the end of 2012 the Bank plans to launch Internet banking.

“Armenia is one of the most dynamic retail markets in the former Soviet Union, and the first position of our bank in terms of credit cards has become a great success, ‘ said Vice-President of VTB 24, Vsevolod Smakov.

Bank VTB (Armenia) is fully owned by the second largest Russian VTB Bank. It runs 68 branches in Armenia. -0-

spot_img

POPULAR

Unibank will not increase fixed-adjustable interest rates on loans secured by real estate

Unibank has decided to keep unchanged the fixed-adjustable interest rates on consumer and mortgage loans secured by real estate, which were scheduled to increase starting from May 2026.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 26, 2026, fell by 0.27 points compared to May 25, to 367.74 drams.

Love Is… card from Unibank can win a trip to Paris

In December 2026, Unibank will summarize the results of a campaign held among holders of the limited-edition Love Is… card series and will raffle a romantic trip for two to Paris. 

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img