VTB Bank (Armenia) opens its repaired and reequipped branches

YEREVAN, June 25./АRKA/. Repaired and reequipped Myasnikyan and Ararat branches of VTB Bank (Armenia) were reopened today in Yerevan and Ararat province’s Vedi.

These already modernized branches now serve clients in optimized mode using up-to-date equipment. The branches interior design is made in conformity with VTB Group’s style.

There are queue-managing systems in the branches as well as separate zones for servicing clients consuming various products and services. The branches also have zones for individual service of clients. .

VTB Bank (Armenia) CEO Yuri Gusev was quoted by the bank’s press office as saying at the opening ceremony that the branch network reformation program launched in 2012 continues also this year, and the reopening of other two repaired and reequipped branches will give clients an additional impetus to remain stuck to this high-class bank.

“Our goal is to remain a reliable financial partner to citizens either in their daily routine and cares, such as payment of bills or money transfers, or in important decisions, such as borrowings for big purchases,” Gusev said.

Artak Khachatryan, chief of the retail business division of VTB Bank (Armenia), said that the bank has already modernized 31 branches to improve its services.

“We are modernizing our branches taking into account our clients requirements… This is not only a repair, but also zoning…” he said adding that the bank intends to complete modernization of all its branches before the end of this year.

Oleg Aghasyan, a member of the central bank’s board, on his side, said that VTB Bank (Armenia) is reforming its branches in accordance of the modern criteria.

He also stressed that VTB Bank (Armenia) is one of Armenia’s leader banks.

“In the recent three years, the bank’s assets grew 33% every year and lending was enlarged by 47%,” he added.

The head of Yerevan’s Kentron District, the mayor of Vedi, city authorities, provincial officials, heads of the bank’s departments, businessmen and representatives of education and culture sectors attended the opening ceremony.

VTB Bank Armenia 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

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

LATEST NEWS

spot_imgspot_imgspot_img