VTB Bank (Armenia) equipped its branches with devices reading ID card data

YEREVAN, May 22./ARKA/. VTB Bank (Armenia) reported Wednesday it had equipped its branches with the devices which automatically read the data from ID cards in Armenia.

This new innovation was introduced in terms of the bank’s customer service optimization process.
These devices read personal data of the bank clients from their ID cards and automatically enter this data into the banking system.

“This innovative solution reduces time for the clients to open banking accounts, apply for cards, open deposits,” the bank stated.

CEO of VTB Bank (Armenia) Yuri Gusev said the bank is following a step-by-step policy of rolling out innovations in the banking service.

The innovations, according to him, relate to not only new products or improvement of the old ones, but also to optimization of the business process.

“Coming up with new products and services at the Armenian market, at the same time we are introducing the systems which create infrastructure for improving the existing business processes of the bank and contribute to the gradual advancement of the customer service at the branches,” the bank quoted Gusev as saying.

VTB Bank (Armenia) CJSC became a member of international financial Group VTB in April 2004. Currently the second largest in Russia VTB Bank (OJSC) owns 100% of the shares of VTB Bank (Armenia). The bank traditionally ranks among the leaders of the banking system of RA in a number of key indicators. Now the Bank has the largest branch network in the country – 67 branches.—0-

spot_img

POPULAR

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img