Central Bank Permits Bank VTB (Armenia) To Participate In Money Gram

[Kalantarian Kevo]

CENTRAL BANK PERMITS BANK VTB (ARMENIA) TO PARTICIPATE IN MONEY GRAM

ARKA
September 8, 2009
Yerevan

The Central Bank of Armenia (CBA) permitted Bank VTB (Armenia) to
participate in MONEY GRAM international payment system.

The respective decision was adopted at Tuesday's meeting of CBA Board
presided over by CBA Chairman Artur Javadyan.

Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the
VTB Group in April 2004.

Currently the bank VTB is the full owner of Bank VTB (Armenia) closed
joint stock company.

Bank VTB (Armenia) has the larges branch network in the country
(78 branches).