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Bank VTB Armenia leader in Armenian bank cards market

31.07.2012 17:29

Bank VTB Armenia leader in Armenian bank cards market

YEREVAN, July 31. /ARKA/. In the first six months of 2012 VTB Bank (Armenia) was the leading bank in terms of banking cards, the press service of the Russian-owned bank told ARKA. It said the first half of the year appeared to be quite successful for VTB Group’s subsidiaries in the former Soviet republics, whose retail businesses are overseen by VTB24.

"Since the beginning of 2012 the volume of transactions made by customers of Bank VTB (Armenia) by using plastic cards  exceeded 3.7 billion rubles, an increase of 42 percent over the same period last year,"-the press service of the bank said.

In 2011, Bank VTB (Armenia) joined a program to pay retirement pensions by cards and today it services nearly 40,000 clients. The number of the bank’s payroll cards has reached 118,000, an increase of 20,000 cards from  the beginning of the year, which makes 66 percent in the bank’s overall card portfolio.

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