Sat, 18 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

VTB Bank (Armenia) singled out as top-of-mind brand among Armenian banks

YEREVAN, February 5. /ARKA/. VTB Bank (Armenia) has been singled out by the Institute for Political and Sociological Consulting (IPSC) as the most recognizable brand among Armenian banks.

The institute conducts top-of-mind awareness surveys once in every six months. This is its fourth poll, which was conducted in December 2012 in Yerevan and four large cities of Armenia.

Some 1,200 people were surveyed there. The major part of respondents first pointed out VTB Bank (Armenia), as it was also in the first half of 2012. As a whole, the bank improved its top-of-mind result by 5.4%, compared with the previous survey, and by 3.8% particularly in Yerevan. In provincial cities the bank’s rating rose 7%.

Compared with August 2011, the bank’s indicator went 13.5% up. VTB Bank (Armenia) also won the largest number of good marks from respondents.

VTB Bank (Armenia) CEO Yuri Gusev said that the bank’s leadership in IPSC surveys proves that its initiatives in offering products, providing services, reforming its branch network and marketing enhances public confidence in the bank and gives significant competitive advantages to it.

Respondents have been chosen at random. All the answers have been checked by using various methods. Some 46.7% of the data have been rechecked by IPSC personnel by calling to respondents and visiting them.

The survey also contains other questions and data, which shows the degree of public confidence in Armenian banks.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img