VTB's subsidiary bank in Armenia, VTB Bank (Armenia) CJSC, was created on the basis of Armsberbank CJSC and de facto is the legal successor of its more than 90-year business traditions. VTB Bank (Armenia) CJSC is a full member of the international payment system VISA International and Mastercard, serving as a member of the local Armenian payment system ARCA.

The ratings of the international rating agency Moody's assigned to VTB Bank (Armenia): B1 rating for long-term deposits in local currency, B2 rating for long-term deposits in foreign currency, Not Prime rating for short-term deposits, as well as credit rating (BCA) "b3", long-term counterparty risk assessment (CRA) - "Ba3(cr)". The forecast for ratings is "Stable".

The branch network of VTB Bank (Armenia) in the Republic of Armenia allows customers to use various services of the bank in their places of residence - opening deposits, providing loans. The bank has 54 branches, 23 of which are located in Yerevan, and the remaining 31 - in all regions of the Republic of Armenia.

From December 24, 2022 "Berd" and "Dilijan" branches of VTB-Armenia Bank in Dilijan and Berd cities will not work. ATMs are installed on the territories adjacent to the specified branch.