VTB Bank (Armenia) revises prices for international money transfers via S.W.I.F.T.

YEREVAN, March 29. /ARKA/. VTB Bank (Armenia) said today it has revised the rates for international money transfers made by individuals via the S.W.I.F.T., saying also that customers may send money to Russia, the USA, Germany, England, Georgia, China and any other part of the world in USD, EUR and RUR currencies at reduced rates, which start from 5,000 drams.

The bank said also the prices for money transfers made to branches of VTB are unprecedented starting from 2,000 drams.

It said Russian VTB has a wide network of branches throughout the country and in all major cities (Moscow, St. Petersburg, Sochi, etc.). One of the advantages of such money transfers is also the speed of receipt – the money transfer is credited to the recipient’s account within the same day of sending without any deductions from the amount.

To make a money transfer the customer needs to have or open a bank account at VTB Bank (Armenia), submit an identity document and indicate the account number and full name of the recipient.

The bank also offers money transfers in USD currency under the GOUR option (the transfer amount is fully credited to the beneficiary’s account without any deductions) at a rate starting from 17,500 drams.

Due to its reliability and convenience, the international money transfer system S.W.I.F.T is the most popular system in the world. Using it, one can send money from Armenia abroad or vice versa, as well as make payments for goods and services.

Detailed information on SWIFT money transfers can be obtained from the branches of VTB Bank (Armenia), on its official website www.vtb.am and by calling 87-87.

VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). -0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

The risk premium on Armenian Eurobonds has decreased from 400 to 190 basis points: Central Bank Governor

The risk premium on Armenian Eurobonds has decreased significantly, from 400 to 190 basis points, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Euro to Armenian dram exchange rate jumped 3.22 points, while the dollar and ruble remained unchanged: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 6, 2026, decreased by 0.44 points compared to May 5, to 370 drams.

The Power of One Dram to ‘’Vahe Meliksetyan’’ Foundation

The April beneficiary of ‘’The Power of One Dram’’ initiative was the “Davitbek Games” Foundation.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on Tuesday, the Central Bank's Board left the refinancing rate unchanged for the fourth consecutive time at 6.5%, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img