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VTB Bank Armenia Opens Renovated Branch In Masis

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  • VTB Bank Armenia Opens Renovated Branch In Masis

    VTB BANK ARMENIA OPENS RENOVATED BRANCH IN MASIS

    /ARKA/
    November 2, 2009
    YEREVAN

    Last Friday VTB Bank Armenia opened a renovated branch in the town
    of Masis. Mher Grigorian, a deputy director of VTB Bank Armenia,
    said the branch in Masis is a key branch of the bank in Ararat Valley
    offering a wide range of universal banking services to all its clients.

    He said the main goal of the bank now is to upgrade all its regional
    branches to make them comply with the latest standards both in terms of
    security and business running. He said the Masis branch is furnished
    with state-of-the-art computers, other special equipment and all
    necessary communication means

    Mher Grigorian said VTB Bank Armenia started a renovation program
    two years ago having so far renovated nearly half of its branches.

    He said the nearest plan is to renovate branches in Gyumri,
    Noyemberyan, Vardenis and Dilijan. Cost of an average branch
    reconstruction is 30 million Drams, he said.

    The Masis branch has currently 4,000 customers, including private
    and public organizations and individuals.

    The ceremony was attended by mayor of Masis, senior officials of VTB
    Bank Armenia and businessmen. All 100 percent of VTB Bank Armenia are
    owned by the second largest Russian bank VTB Bank. VTB Bank Armenia
    has 74 regional branches across Armenia, the largest regional network
    of branches.
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