NEW-ESTABLISHED VTB LEASING INTENDS TO BECOME LEADER AT ARMENIAN MARKET

ARKA
April 3, 2008

YEREVAN, April 3. /ARKA/. Newly established VTB Leasing (Armenia)
leasing credit organization, whose sole shareholder is VTB-Leasing,
the largest Russian leasing company, intends to become the leader at
Armenian market.

The mission of VTB Leasing (Armenia) is to support Armenian developing
companies’ re-equipment and their competitiveness enhancement, the
organization’s press office reports.

The organization is singled out for its reliability, sustainability
and professional specialists.

It provides the opportunity to implement long-term projects on
beneficial conditions and ensures business transparency.

The organization was registered by the Central Bank of Armenia on
March 28, 2008.

The organization general director is Valery Ovsyannikov.

The capital of Russian VTB Leasing is $146.1 million, net profit
$77.9 million and assets $3.46 billion.

VTB Leasing received Ð’Ð’Ð’+ credit ratings and forecast "stable" from
Fitch Ratings and Standart&Poor’s international rating organizations.

VTB Leasing has regional branches in Russia’s 11 cities and offices
in Ukraine, Cyprus, Belarus and Armenia.

22 credit organizations function in Armenia now.

–Boundary_(ID_9SRUofGlRTfZZhE/Pm2nog)–

From: Emil Lazarian | Ararat NewsPress