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

Euro ups against Armenian dram, while US dollar and Russian ruble drop

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 27, 2026, decreased by 0.27 points compared to April 23, to 371.56 drams.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

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