Some 800 VTB Bank (Armenia) employees trained this year to improve their knowledge and skills

YEREVAN, October 15. /ARKA/. Some 800 employees at VTB Bank (Armenia) have taken classes since the beginning of this year to improve their knowledge and skills, the bank’s press office reported on Thursday.

“VTB Bank (Armenia) is constantly working to improve quality of its services and organizing trainings for its employees either in Armenia (80% of education programs) or in those CIS countries where VTB Group has offices,” the press release says.

According to the press release, training is a key component of the system’s partner programs. This model makes it possible to develop cooperation with new participants and maintain longstanding ties with old partners.

VTB Bank (Armenia) cooperates with Armenia’s flagship insurance companies, particularly Rosgosstrakh – Armenia, RESO and INGO ARMENIA.  These companies have developed unique insurance products for VTB Bank (Armenia), and the bank officers who serve this range of products have undergone an intensive training.

“The current system of corporate education allows lessening banking activity risks, since correctly and timely trained specialist will easier avoid mistakes which may cause financial losses to the bank or its clients,” the bank says in its press release.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among flagship banks for general indicators. -0—

spot_img

POPULAR

Armenian commercial banks transferred 116.2 billion drams to the state budget for January-June 2026

All 17 operating commercial banks in Armenia were included in the list of the country's 1,000 largest taxpayers for the first half of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

LATEST NEWS

spot_imgspot_imgspot_img