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

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

LATEST NEWS

spot_imgspot_imgspot_img