Jermuk branch recognized as the best branch of VTB Bank (Armenia)

YEREVAN, August 28. / ARKA /. VTB Bank (Armenia) has recognized its branch in the resort town of Jermuk in the southern Vayots Dzor province as the best of the branches which has secured a three-time increase in individual deposits.

Three months ago the bank launched a contest designed for employees of its 67 branches to attract as much individual term deposits as possible.

Inga Arshakyan, Lilit Hovhannisyan and Lala Gasparyan, working at the branch’s call center, were recognized as best employees for each month respectively, while the head of the branch , Hripsime Smbatyan, was named as the best branch manager.

The employees who demonstrated the best results for achieving the set targets were awarded pecuniary prizes, while the best branch was awarded the bank’s Directorate Cup.

VTB Bank (Armenia) CEO Yuri Gusev was quoted as saying in a press release that the bank has been investing a lot of efforts in motivating its personnel.

“It’s nice to see their commitment and desire for perfection. The bank’s management, in turn, will take care of their welfare by providing opportunities for career growth,’ Gusev said.

VTB Bank (Armenia) is entirely owned by Russian VTB Group. It runs 67 branches across Armenia, more than any other local commercial bank.-0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

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).

Euro rose against the Armenian dram, while the dollar and ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img