Sun, 28 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Russian-owned VTB Bank (Armenia) boasted last year largest amount of time deposits

YEREVAN, February 26. / ARKA /. The Russian-owned VTB Bank (Armenia) boasted last year the largest amount of individual time deposits. The bank attributed the rise in time deposits by attractive terms, ‘which allow depositors to effectively and conveniently place their money in the bank.”

The total amount of both individual and corporate deposits amounted last year to 140.8 billion drams, the bank said in a press release.

The amount of individual deposits soared last year by 41.2 % to 99.7 billion drams as time deposits increased by almost 43 percent to 84.6 billion drams, while individual demand deposits surged by 32.2 percent to 15.1 billion drams.

The amount of corporate deposits increased by 28.8% to 41.1 billion drams. Time corporate deposits surged by 79.4 percent to about 22 billion drams,  and  demand deposits  amounted to about 19.1 billion drams.

VTB Bank (Armenia) is owned fully by Russian  VTB Group. The bank runs 67 branches in Armenia, more than any other bank. ($ 1 – 412.73 drams). -0-

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

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.

LATEST NEWS

spot_imgspot_imgspot_img