Mon, 2 February
-2.9 C
Yerevan
USD: 378.64 RUB: 4.98 EUR: 451.38 GEL: 140.77 GBP: 520.55

VTB Bank (Armenia) joins AVERS money transfer system

YEREVAN, June 19./ARKA/. VTB Bank (Armenia) said Wednesday it had joined the system of immediate money transfers –AVERS.

Individuals can transfer and receive cash in the national or foreign currency in 81 states which are under AVERS network.

Armenian residents can transfer money in USD through AVERS to Russia, Ukraine, Moldova, Georgia, Tajikistan, and in EUR and RUB to Russia only. Kyrgyzstan and Uzbekistan are expected to join the system soon.

“In order to transfer cash, one should show the passport at one of 67 branches of the bank. In order to receive the transfer, it is necessary to show the passport and the transfer code. The commission at 1.3% should be paid by the sender in Armenian drams. The recipient is not charged,” the bank clarified.

Yuri Gusev, General Director – Chairman of the Board of Directors, has said the democratic tariff policy of AVERS, constant expansion of the network, almost immediate transfer period comply to the customer policy of VTB Bank (Armenia).

As of 1 June 2013, VTB Bank (Armenia) offers the following money transfer systems: Unistream, InterExpress, Anelik, RIA Money Transfer, etc.

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

Euro rises 4.49 points against  Armenian dram, while  dollar and ruble fall – Central Bank

The average market exchange rate of the US dollar to the Armenian dram on January 25, 2026, fell 0.21 points compared to January 23, to 379.07 drams.

World Bank names factors behind average annual inflation in Armenia in 2025

In December 2025, Armenia's inflation increased to 3.3 percent (yoy) from 3.1 percent (yoy) in November, according to World Bank's Armenia Monthly Economic Update – January 2026.

Armenia Ranks Third in Russian Business Account Requests — NSV Consulting

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

WB: In November 2025, net non-commercial money transfers to armenia grew by 28.8 percent yoy

In November 2025, net non-commercial money transfers grew by 28.8 percent (yoy), , according to World Bank's 'Armenia Monthly Economic Update – January 2026.'

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img