Bank VTB (Armenia) reopens branches in Gegharkunik after reformatting

YEREVAN, April 17. /ARKA/. Bank VTB (Armenia) re-launched its branches in Gegharkunik region, towns of Sevan (Sarkis Sevantsi str. 11), Martuni (Miasnikyan str. 47/1) and Vardenis (Roman str. 7), after reformatting.

The whole range of service will be available to the bank’s clients, individuals and small businesses, in these and other branches, general director-head of directorate of Bank VTB (Armenia) Yury Gusev said.

The aim is to ensure the same standard of services in the capital and across the country, Gusev said.

He also said the bank is planning to open about six new branches in Yerevan and the regions in 2015.

Reformatting includes a number of complex measures to optimize customer service procedures, to modernize and fully reequip workplaces and service zones. Queue management system is introduced and separate (per service and per product) zones are defined in all reformatted branches.

Bank VTB (Armenia) closed joint stock company became a member of VTB financial group in April 2004. The second biggest Russian bank, Bank VTB open joint-stock company, is now the full owner of Bank VTB (Armenia). The bank used to be among leaders of Armenian banking system on a number of basic indicators. Currently the bank has the biggest network in Armenia – 67 branch offices throughout the country.

Assets of Bank VTB (Armenia) amounted to 307.6 billion drams as of the end of Q1 2014 (2.6% increase against Q4 2013); the bank’s liabilities were 262.5bln drams (0.12% increase), loan investments 229.9bln drams (5.9%). Net profit of the bank totalled 537 million drams in the period and total capital was 45.1 billion drams. ($1=414.27drams). –0–

spot_img

POPULAR

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

LATEST NEWS

spot_imgspot_imgspot_img