VTB Bank (Armenia) remains the most recognizable bank brand in Armenia

YEREVAN, February 9. /ARKA/. VTB Bank (Armenia) remains the most recognizable bank brand in Armenia, as a study conducted by the Institute for Poling and Marketing – IPM Research Armenia in December 2016 shows, the bank’s press office reported on Thursday.

Some 1,200 residents of Yerevan and other cities of Armenia aged from 18 to 55 were polled on random basis.

VTB Bank (Armenia) was first by Top of Mind awareness, a brand or specific product coming first in customers’ minds when thinking of a particular industry. The bank’s Top of Mind indicator is constantly growing – it was the highest in this survey, compared with the previous results.

The bank is also singled out in the ranking by its Marketing Asset (MA) Index.

VTB Bank (Armenia) is retaining its lead in all general indicators, such as reliability. Its public confidence index is rising as well – it has reached 31%.

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 leaders for general indicators. –0—

spot_img

POPULAR

Loan and leasing portfolio of Armenian credit institutions in the first half of 2026 amounted to 681.8 billion drams

YEREVAN, August 10. /ARKA/. As of June 30, 2026, the total loan investment and leasing portfolio of Armenian credit institutions reached 681.8 billion drams, reflecting a 1.64% increase from the previous quarter and a 3.23% rise since the start of the year.

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

LATEST NEWS

spot_imgspot_imgspot_img