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SCR DIRECTOR GENERAL AWARDED FORMER HEAD OF "BANK VTB (ARMENIA)" FOR HIS CONTRIBUTION OF DEVELOPMENT OF RUSSIAN BUSINESS IN ARMENIA
/ARKA/
FEBRUARY 15, 2012
YEREVAN
YEREVAN, February 14. /ARKA/. By the decree of former CEO of
"South-Caucasian Railways" (SCR) Shevket Shaydullin, former General
Director-Chairman of Board of Directorate of "Bank VTB (Armenia)
Valeri Ovsyannikov was awarded an honored certificate, press-service
of SCR informed on Tuesday.
Ovsyannikov was awarded a certificate for his large contribution in
the development of interstate relations and Russian business in the
Republic of Armenia.
During the awarding ceremony Shaydullin thanked Ovsyannikov for
fruitful cooperation, as well as joint work in the financial market
and strengthening of Armenian-Russian business relations.
Valeri Ovsyannikov was appointed on the post of General
Director-Chairman of Board of Directorate of "Bank VTB (Armenia)
in March 2007.
During his management was carried out a serious work on modernization
of the "Armenian" daughter of VTB and its transformation into a modern
universal bank. The branch network of the Bank was also optimized and
radically changed (over 100 branches throughout the territory of the
country inherited to the Bank VTB by "Armsavingsbank").
During the last four years of its activity, assets of the "Bank VTB
(Armenia) increased 2.6 times and by the end of December 2011 made
179.1 billion drams, liabilities increased 3.1 times - to more than
152 billion drams, and the capital increased 1.5 times to 30.5 billion
drams. Profit of the Bank in 2011 exceeded 4.5 billion drams which
is 5.7 times more than the indicator in 2007.
The Bank actively participated in very important social events in
Armenia, also under the auspices of the Embassy of Russian Federation
in Armenia, targeted at the support of Russian language, culture and
art. The Bank traditionally provides sponsorship and charity support
to orphanages, Russian Theater and Russian school in Yerevan. The
sport team of the Bank has achieved success many times in all the
Spartakiads of VTB Group.
CJSC "South-Caucasus Railway" is a 100% subsidiary of OJSC "Russian
Railways" implementing concession management of CJSC "Armenian
Railways" according to the Concession Agreement signed on February 13,
2008. Term of the concession is 30 years with the right of extension
for another 10 years.
From: Baghdasarian
/ARKA/
FEBRUARY 15, 2012
YEREVAN
YEREVAN, February 14. /ARKA/. By the decree of former CEO of
"South-Caucasian Railways" (SCR) Shevket Shaydullin, former General
Director-Chairman of Board of Directorate of "Bank VTB (Armenia)
Valeri Ovsyannikov was awarded an honored certificate, press-service
of SCR informed on Tuesday.
Ovsyannikov was awarded a certificate for his large contribution in
the development of interstate relations and Russian business in the
Republic of Armenia.
During the awarding ceremony Shaydullin thanked Ovsyannikov for
fruitful cooperation, as well as joint work in the financial market
and strengthening of Armenian-Russian business relations.
Valeri Ovsyannikov was appointed on the post of General
Director-Chairman of Board of Directorate of "Bank VTB (Armenia)
in March 2007.
During his management was carried out a serious work on modernization
of the "Armenian" daughter of VTB and its transformation into a modern
universal bank. The branch network of the Bank was also optimized and
radically changed (over 100 branches throughout the territory of the
country inherited to the Bank VTB by "Armsavingsbank").
During the last four years of its activity, assets of the "Bank VTB
(Armenia) increased 2.6 times and by the end of December 2011 made
179.1 billion drams, liabilities increased 3.1 times - to more than
152 billion drams, and the capital increased 1.5 times to 30.5 billion
drams. Profit of the Bank in 2011 exceeded 4.5 billion drams which
is 5.7 times more than the indicator in 2007.
The Bank actively participated in very important social events in
Armenia, also under the auspices of the Embassy of Russian Federation
in Armenia, targeted at the support of Russian language, culture and
art. The Bank traditionally provides sponsorship and charity support
to orphanages, Russian Theater and Russian school in Yerevan. The
sport team of the Bank has achieved success many times in all the
Spartakiads of VTB Group.
CJSC "South-Caucasus Railway" is a 100% subsidiary of OJSC "Russian
Railways" implementing concession management of CJSC "Armenian
Railways" according to the Concession Agreement signed on February 13,
2008. Term of the concession is 30 years with the right of extension
for another 10 years.
From: Baghdasarian