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Three Branches Receive Diplomas From VTB Group For Successful Activi

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  • Three Branches Receive Diplomas From VTB Group For Successful Activi

    THREE BRANCHES RECEIVE DIPLOMAS FROM VTB GROUP FOR SUCCESSFUL ACTIVITY

    ARKA
    March 25, 2008

    YEREVAN, March 25. /ARKA/. Three branches of VTB Bank (Armenia)
    have received a diploma from VTB Group for successful activity.

    Press service of VTB Bank (Armenia) says the award ceremony was held
    last week as part of the meeting of the heads of VTB Group regional
    offices.

    VTB Group President Andrey Kostin handed the diplomas to Valery
    Ovsyannikov, general director of VTB Bank (Armenia).

    Diplomas are given to three branches - Armavir (for best financial
    indicators), Echmiadzin (for dynamic development) and Kapan (for the
    year's breakthrough).

    VTB Bank (Armenia), former Armenian savings Bank, was founded in 1923.

    100% of the bank's shares belong to Russian VTB.

    As of Dec 31, 2007, the bank's assets totaled AMD 70.1 billion and
    capital AMD 20.7 billion. The bank's profit for 2007 amounted to AMD
    757.9 million.

    VTB Bank (Armenia) has 89 branches in Yerevan and provinces as well
    as in Nagorno-Karabakh Republic. ($1 = AMD 308.77).
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