Tue, 24 February
10.1 C
Yerevan
USD: 377.84 RUB: 4.93 EUR: 445.25 GEL: 141.25 GBP: 509.74

VTB Bank (Armenia) re-opens three renovated branches in Armenia

YEREVAN, January 16. /ARKA/. Russian-owned VTB Bank (Armenia) said it re-opened Tuesday its three renovated branches—two in Yerevan, and one in Ashtarak.

Yuri Gusev, General Director – Chairman of the Board of Directors at VTB Bank (Armenia), and Vyacheslav Kovalenko, Russia’s Ambassador to Armenia, were present at Spandaryan and Erebuni branches re-opening ceremony in Yerevan. Vice- governor of Aragatsotn region Aram Arsenyan was present at the ceremony in Ashtarak.

“I think the network reformatting program launched last year will continue to be of the utmost importance for us. We are changing the face of the bank, and at the same time we are changing the bank itself. We aim for providing our customers with world high-quality banking services,” Gusev said at the ceremony.

There will be another service point in the newly repaired branch, and the customers will enjoy good services and access to VTB opportunities, he implied.

Gusev added the task of the bank is to create better banking services and to open broader access to the services for all residents of Armenia.

On his side, Ambassador Kovalenko highlighted the bank’s activity will grow with re-opening renovated Spandaryan branch. It will serve to interests of expanding cooperation between Russia and Armenia, according to him.

VTB Bank (Armenia) retail business development department chief Artak Khachatryan said at Erebuni branch re-opening 23 out of 67 branches of the bank had been already renovated, and this year the program is expected to cover the rest of branches.

Vice-governor of Aragatsotn region Aram Arsenyan expressed his hopes that re-opening of Ashtarak branch will foster better access to loans for farmers and producers that , in turn, will stimulate agricultural and industrial development.

The branches were modernized and equipped with the most modern technology, its interior was decorated within VTB Group brand design.

All renovated branches have installed a queuing system, customer service areas are divided by types of services and products, and separate zones for individual customer services are created.

VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). It has the largest branch network in the country – 68.It has the largest branch network in the country – 67.—0–

spot_img

POPULAR

Armenia’s reserves reached a record $5.2 billion in 2025, forming an external resilience buffer – S&P

Armenia's international reserves strengthened significantly in 2025, providing an important buffer against unpredictable external factors, according to a report from international rating agency S&P Global Ratings.

Armenia’s public debt net of liquid assets will remain stable at 44% of GDP in the medium term – S&P

Taking into account the narrowing budget deficits and high nominal GDP growth, the international rating agency S&P Global Ratings forecasts that Armenia's public debt net of liquid assets will remain broadly stable at a moderate 44% of GDP in the medium term.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 20, 2026, fell by 0.12 points compared to February 19, to 376.82 drams.

Euro fell 2.54 points against the Armenian dram, while the dollar and ruble also declined

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 19, 2026, fell by 0.74 points compared to February 18, to 376.94 drams.

In Armenia, more than 21,000 citizens have signed up for cashless pension and benefit payments — Ministry of Social Affairs

By February 19, 2026, 21,539 citizens in Armenia have voluntarily switched to cashless pension and benefit payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

LATEST NEWS

spot_imgspot_imgspot_img