Sun, 30 November
-3.9 C
Yerevan
USD: 381.43 RUB: 4.86 EUR: 440.89 GEL: 141.17 GBP: 503.72

Sofia Machkalyan

A visitor to armbanks.am website would like to know whether a citizen ofRussiacan use VISA or MasterCard  international plastic cards ofRussia’s Sberbank to withdraw cash from the ATMs of Armenian banks and what is the size of commission for the transaction?

We asked Sofia Machkalyan, head of retail business development department of VTB Bank (Armenia), to answer this question. Here is what she said. 

“A citizen ofRussiacan use his /her VISA or MasterCard international plastic cards issued byRussia’s Sberbank to withdraw cash from the ATMs of Armenian banks. The commission size is determined by the card issuing bank. Armenian banks will not charge additional commission for the  transaction.”

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

LATEST NEWS

spot_imgspot_imgspot_img