Bank VTB (Armenia) reopens its branches in Yerevan, Hrazdan, Artashat

YEREVAN, June 4. /ARKA/. Bank VTB (Armenia) has re-launched three more renovated branch offices – “Khorhrdayin” office in Yerevan and the branches in Hrazdan and Artashat.

The reopening ceremony was attended by the management of the bank, the governor of Ararat region Rubik Abramyan, governor of Kotayk Aram Harutiunyan, mayor of Hrazdan Aram Danielyan, representatives from the Central Bank of Armenia, businesses, education and cultural sector.

The general director of the bank Yury Gusev said Bank VTB (Armenia) guarantees the whole range of the service will be provided to clients in the renewed office.

The most important advantage of the reformatted branches is fast and high-standard servicing based on good technical facilities, Gusev said.

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

Location of Hrazdan branch has been changed for clients’ convenience.

All retail products will be available in all branches, but special focus will be placed on certain loan products depending on local needs in each branch, said Artak Khachatryan, the head of retail business development at Bank VTB (Armenia).

‘For instance, there is a high demand for agricultural loans in Artashat, but other loan products will be still paid sufficient attention to’, Khachatryan said.

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 April 1, 2014 (2.65% increase from the beginning of the year); the bank’s liabilities were 262.5bln drams (0.12% increase), total capital was 45.1bln drams (20.3% increase), loan investments 229.9bln drams (5.89%), profit totalled 537 million drams in the period. ($1=413.59drams).–0–

spot_img

POPULAR

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

EDB: Cross-border remittance inflow to Armenia increased to $5.9 billion in 2025, net inflow by 8.6%

Cross-border remittance inflow to Armenia increased by 2.4% year-on-year in 2025, reaching $5.9 billion, according to the Eurasian Development Bank's March macroeconomic review.

Armenian capital market needs not only technology, but also a mature regulatory and infrastructural environment – ​​NABIX founder

The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img