06 Apr 2026Rating:1.0
The most disgusting bank in Armenia!!! How can they charge 5,000 drams for online banking access?
Руслан Руслан VTB Bank (Armenia) Source: Google
VTB Bank (Armenia)
Information about products and services from VTB Bank (Armenia)
Products
Bank's exchange rates
Last update: 06 Oct, 20:49
VTB Bank (Armenia)
CurrencySell to the bankBuy from the bank
- EUR401410
- RUB4.134.28
- USD360364
Central Bank Rates
All currency exchange ratesCurrency05 Oct06 Oct
- EUR405.3-0.49% 407.19+0.47%
- RUB4.26-1.60% 4.24-0.61%
- USD361.81-0.20% 362.14+0.09%
Best offers
VTB Bank (Armenia)Term deposit "Unlimited"
Interest rate
1.2%
Term
365 days
Amount
from 50€
VTB Bank (Armenia)Term deposit "Unlimited"
Interest rate
2.5%
Term
365 days
Amount
from 5 000₽
VTB Bank (Armenia)Term deposit "Unlimited"
Interest rate
6.75%
Term
365 days
Amount
from 4 000 000֏
VTB Bank (Armenia)Term deposit "Unlimited"
Interest rate
0.7%
Term
270 days
Amount
from 50€
VTB Bank (Armenia)Term deposit "Unlimited"
Interest rate
2.25%
Term
270 days
Amount
from 5 000₽
VTB Bank (Armenia)Mortgage loans for purchasing.
Effective rate
14.3%
Rate
13.3%
Amount
to 200 000 000֏
Down payment
from 10%
VTB Bank (Armenia)Refinancing
Effective rate
12.5% - 15%
Rate
13.3%
Amount
to 80 000 000֏
Down payment
from 0%
VTB Bank (Armenia)Online Loan
Effective rate
18.51% - 23.9%
Amount
to 10 000 000֏
Term
up to 5 years
VTB Bank (Armenia)Consumer loan
Effective rate
17.01% - 22.12%
Amount
Individually
Term
up to 5 years
VTB Bank (Armenia)Student loan from the Bank's resources
Effective rate
16.61% - 24%
Amount
to 5 000 000֏
Term
up to 5 years
VTB Bank (Armenia)Loan secured by gold items
Effective rate
15.3% - 24%
Amount
to 5 000 000֏
Term
up to 5 years
VTB Bank (Armenia)Online Loan
Effective rate
18.51% - 23.9%
Amount
to 10 000 000֏
Term
up to 5 years
Information about VTB Bank (Armenia)
General information
Full legal name
"VTB Bank (Armenia)" CJSC
Founded
1993
CB of Armenia License
№64
Head office
33/3 Manandyan St., Yerevan 0006, ArmeniaOn the map (235)
Financial Indicators (2025)
Total Assets
AMD 257.2 billion
Loans and Advances
AMD 164.8 billion
Equity
AMD 68.04 billion
Net Profit
AMD 8.05 billion
Annual Report
OpenBank details
CB of Armenia License
№64
Registration date
31 Oct 1996
Bank code
16000
SWIFT code
ARMJAM22
Chairman
Ara Avagyan
About the Bank
VTB Bank (Armenia) is a commercial bank serving private clients, entrepreneurs, SMEs, corporate and premium clients. The bank provides consumer and mortgage lending, deposits, card and payment services, international transfers, agricultural financing and investment services.
VTB Bank (Armenia) traces its historical roots to the first savings banks opened in Armenia in 1923. In 1993, the institution was reorganized as Armsberbank, and after Russia's Vneshtorgbank became a shareholder in 2004, it joined the VTB Group. The bank has operated under the VTB Bank (Armenia) name since 2006, and since 2007 PJSC VTB Bank has owned 100% of its shares. Today, the bank develops retail, corporate, SME and digital banking and maintains one of Armenia's largest branch networks.
History
1923 — Historical roots
On October 29, 1923, the first savings banks began operating in Soviet Armenia, marking the beginning of the banking traditions from which the bank traces its history.
1993 — Armsberbank
In 1993, the bank was reorganized into the State Specialized Savings Bank of the Republic of Armenia - Armsberbank.
2004 — Joining the VTB Group
In March 2004, Russia's Vneshtorgbank acquired 70% plus 1 share of Armsberbank, after which the bank joined the VTB Group.
2006 — Rebranding
In June 2006, following a rebranding, Armsberbank was renamed VTB Bank (Armenia) CJSC.
2007 — 100% VTB ownership
In July 2007, PJSC VTB Bank acquired the remaining 30% minus 1 share and became the sole shareholder of VTB Bank (Armenia).
VTB Bank (Armenia) business activities and areas of specialization
Activities
Retail banking, consumer and mortgage lending, installment lending, financing for SMEs and corporate clients, agricultural lending, deposits, card and payment services, international transfers, investment business.
Key products and services
Target Segments
Private clients, entrepreneurs, SMEs, corporate clients, agribusinesses and premium clients.
Digital Products
VTB Online
International Affiliation
VTB Bank (Armenia) is part of the international VTB financial group. Since July 25, 2007, the bank's sole shareholder has been PJSC VTB Bank, which owns 100% of its shares.
Leadership
Ara Avagyan
Chief Executive Officer
Ara Avagyan is Chief Executive Officer and Chairman of the Directorate of VTB Bank (Armenia). He heads the bank's executive management and is responsible for developing the retail, corporate and digital businesses, as well as implementing the VTB Group's strategy in the Armenian market.
Awards
2026 — Development of the service network
In 2026, VTB Bank (Armenia) continued to modernize its branch network and expand its Privilege personal service zones, including renovated offices and new zones in the regions.
Source
VTB Bank (Armenia) online services
Bank branches and ATMs map
Bank reviews
Руслан Руслан VTB Bank (Armenia) Source: Google19 Jun 2025Rating:1.0
The bank is terrible. I repaid the loan early. A month later, I received a text message from the bank. I went there, and they told me: "Pay 50 or 100 drams and that's it." I paid. The next day, I received another text message. I went to the bank, and they said they didn't close the loan. They charged me another 240 drams.
Наталия Июнь VTB Bank (Armenia) Source: Google31 Jan 2024Rating:1.0
I can't hang around the central bank all day. What kind of bank is it if it's a joke? It's impossible to call the central bank. It seems to me that if a bank can't provide a normal number to its clients, then this bank is simply equal to 0.
Georgegharbian VTB Bank (Armenia) Source: Google11 Dec 2022Rating:3.0
good customer service
Veh Pogossian VTB Bank (Armenia) Source: Google24 Feb 2020Rating:5.0
Very good bank, but there are always queues.
Mher Kirakosyan VTB Bank (Armenia) Source: GoogleProducts of Armenian banks