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VTB (ARMENIA) BANK TO HAVE 75 BRANCHES BY LATE 2008
ARKA
Aug 29, 2008
YEREVAN, August 29. /ARKA/. The VTB (Armenia) Bank will have 75
branches by late 2008, said Valery Ovsyannikov, general director and
chairman of the directorial board of the bank. To optimise the bank's
network, the Supervisory Board of the bank has decided to close down
temporarily the bank's branches in Nor-Hatchn, Yeghvard, Metsamor,
Ashotsk and Stepanakert.
The customers of Karabakh will get services through the bank's local
partners.
The Araratbank, Ardshininvestbank, Artsakhbank, Armbusinessbank,
Armeconombank and Unibank have branches in the Nagorno-Karabakh
Republic.
The VTB (Armenia) Bank (former Armsavingsbank), became member of the
VTB Banking Group in April 2004. The Russian VTB is now the absolute
shareholder of the bank.
The authorized capital stock of the VTB (Armenia) Bank totals 13.78bln
drams. The bank's own capital amounts to 21.88bln dram. It has 80
branches across Armenia. The Fitch International Ratings Agency
upgraded in July the bank's short term and long-term issuer ratings
to B and BB+ respectively.
ARKA
Aug 29, 2008
YEREVAN, August 29. /ARKA/. The VTB (Armenia) Bank will have 75
branches by late 2008, said Valery Ovsyannikov, general director and
chairman of the directorial board of the bank. To optimise the bank's
network, the Supervisory Board of the bank has decided to close down
temporarily the bank's branches in Nor-Hatchn, Yeghvard, Metsamor,
Ashotsk and Stepanakert.
The customers of Karabakh will get services through the bank's local
partners.
The Araratbank, Ardshininvestbank, Artsakhbank, Armbusinessbank,
Armeconombank and Unibank have branches in the Nagorno-Karabakh
Republic.
The VTB (Armenia) Bank (former Armsavingsbank), became member of the
VTB Banking Group in April 2004. The Russian VTB is now the absolute
shareholder of the bank.
The authorized capital stock of the VTB (Armenia) Bank totals 13.78bln
drams. The bank's own capital amounts to 21.88bln dram. It has 80
branches across Armenia. The Fitch International Ratings Agency
upgraded in July the bank's short term and long-term issuer ratings
to B and BB+ respectively.