Mon, 2 March
2.1 C
Yerevan
USD: 376.88 RUB: 4.88 EUR: 442.38 GEL: 140.04 GBP: 505.17

Reformatted VTB Bank (Armenia) branch re-opened in Giumry

YEREVAN, October 31. /ARKA/. Bank VTB (Armenia) re-launched its branch office in Giumry after reformatting.

The official re-opening ceremony was attended by the Mayor of Giumry Samvel Balasanyan and the Vice-President of the bank Dmitry Yakovlev.

Reformatting included both repairing and re-equipping works to increase the quality of the services.
Queue management system is another novelty introduced, Director of Retail Business of Bank VTB (Armenia) Artak Khachatryan said.

Reformatting of the banks’ branch offices is underway, and reformatted branches are to be re-opened in Armavir, Echmiadzin and Yerevan shortly.

The Vice-President of the bank Dmitry Yakovlev mentioned that products, technologies and profit are not a final aim for the bank.

“It is worth to mention that the final aim is the convenience for our clients, and that is why we have undertaken such a big project on reformatting of branches in many cities of Armenia”, Yakovlev said.

He mentioned that they started the reformatting from Yerevan as about 70% of the business is located at the capital. Yet, major provinces and towns (Giumry, Armavir and Echmiadzin) have been also included in the reformatting project to speed up development of banking services in the country’s regions. Next year the bank is planning to spend even more on this, Yakovlev said, not mentioning any certain amount though, as the bank’s budget for 2013 has not been approved yet.
Sixteen major and 22 small branch offices are to be reformatted throughout Armenia next year, he added.

Bank VTB (Armenia) closed joint stock company became a member of VTB financial group in April 2004. The second biggest Russian bank, Bank VTB open joint-stock company, is now the full owner of Bank VTB (Armenia). The bank used to be among leaders of Armenian banking system on a number of basic indicators. Currently the bank has the biggest network in Armenia – 69 branch offices throughout the country.  –0–

spot_img

POPULAR

Investment portfolio of Armenian credit institutions in 2025 exceeded 103 billion drams

The total investment portfolio of Armenian credit institutions at the end of 2025 amounted to 103.4 billion drams, according to the consolidated financial report of the country's credit institutions.

Capital of credit institutions in Armenia increased by 10.8% in 2025, exceeding 453.8 billion drams

The total capital of Armenia's credit institutions at the end of 2025 amounted to 453.9 billion drams, an increase of 10.84% ​​compared to 2024, according to the consolidated financial report of the country's credit institutions.

“Globbing” LLC’s bonds worth 1.5 billion drams and $2 million have been listed on Armenia Securities Exchange (AMX)

The Armenian Securities Exchange (AMX) today welcomed the entry of one of the leading online shopping companies, Globbing LLC (Global Shipping LLC), to the capital markets.

Rates of euro, dollar and ruble to Armenian dram decreased: Central Bank of Armenia

The average exchange rate of the US dollar to the Armenian dram, formed on the currency market of Armenia as of February 27, 2026, decreased by 0.04 points to 377 drams compared to February 26.

Armbanks Weekly Digest. Key events of the financial market of Armenia (February 23 – March 1)

Last week on the financial market of Armenia was quite active and included the publication of the international risk assessment of financial stability, the disclosure of annual indicators of credit organizations and the development of the debt segment on AMX.

LATEST NEWS

spot_imgspot_imgspot_img