Tue, 29 April
16.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

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

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img