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

Central Bank of Armenia conducts currency interventions to prevent market turmoil – Galstyan

In the face of a significant influx of foreign capital, the Central Bank of Armenia periodically conducts currency interventions to prevent serious turmoil in the currency market.

Armenia’s public debt-to-GDP ratio in 2027 may exceed the expected 2026 figure by 0.7 percentage points

Armenia's public debt-to-GDP ratio in 2027 is projected to be 47.2%, which is 0.7 percentage points higher than the expected 2026 figure, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenia’s Deputy Prime Minister and ADB Vice President Discussed Attracting Private Capital and Infrastructure Development

Opportunities for attracting private capital, expanding public-private partnerships (PPPs), and implementing the "Crossroads of Peace" project were discussed at a meeting between Armenian Deputy Prime Minister Mher Grigoryan and an Asian Development Bank (ADB) delegation led by Vice President Wempi Saputra.

Central Bank of Armenia has tightened liquidity requirements for banks, taking into account the risk of large outflows of funds – Galstyan

The Central Bank of Armenia has tightened liquidity requirements for banks with large, concentrated foreign currency inflows to limit the risk of a potential outflow of funds.

Acba Bank at COP17: Solutions for Sustainable Agriculture

At COP17, Acba Bank participated in a panel discussion organized by the European Bank for Reconstruction and Development (EBRD) dedicated to the future of sustainable agriculture, long-term investments, and the need for environmentally responsible financing solutions.

LATEST NEWS

spot_imgspot_imgspot_img