VNESHTORGBANK TO LAUNCH NEW INTERNATIONAL BRAND

ARKA News Agency, Armenia
Oct 26 2006

YEREVAN, October 26. /ARKA/. The VneshTorgBank is launching a new
international brand VTB.

On this occasion, VTB Senior Vice-President Vasili Titov is to hold
a new conference at the Armenia-Marriott hotel at 10:30 a.m., on
October 27.

The VTP representative will inform the journalists of the bank’s
plans to expand its presence in Armenia.

The organizing committee reported that the re-branding of the VTB and
its subsidiaries in the CIS is an important stage in the implementation
of the bank’s development strategy, which envisages the formation of
a powerful financial group VTB.

The introduction of a single brand will be an important instrument
of enhancing business efficiency and increasing the share of the VTB
group on the Russian and international markets of banking services.

The VTB is the principal share-holder of one of the largest banks of
Armenia, "Bank VTB Armenia".