"VTB-ARMENIA BANK" CLOSED TWO BRANCHES; "CONVERSE BANK" OPENED A BRANCH IN "ZVARTNOTS" AIRPORT

Mediamax, Armenia
July 25 2007

Yerevan, July 25 /Mediamax/. By the decision of the Chairman of the
Central Bank (CB) of Armenia, cessation of the activities of ¹ 17
and ¹ 50 branches of "VTB – Armenia Bank" is registered.

As Mediamax was told in CB press service today, by another decision
of the CB Chairman, the "Zvartnots Airport" branch of "Converse Bank"
is registered, which will be functioning in the registration hall of
the mentioned airport.

Mediamax recalls that the owner of 95% of "Converse Bank" is the
"Advanced Global Investments" LCC, headed by Argentinean businessman
of Armenian decent Eduardo Ernekian, to whom the Yerevan International
"Zvartnots" Airport is handed over for concessive management.

–Boundary_(ID_yAgz49CUXaUOTG1QFJrDKQ )–