VTB BANK (ARMENIA) BRANCHES IN HRAZDAN, VEDI, ARTASHAT, MASIS GET ONLINE

/ARKA/
April 28, 2009
YEREVAN

VTB Bank (Armenia) having the largest branch network in Armenia (78
branches) has expanded its online network in the country’s regions. "On
April 28, another five branches in Hrazdan, Vedi, Artashat and Masis
have gone online," the bank’s press service reports.

All the Yerevan-based branches of VTB Armenia have joined the online
network. Two branches in Etchmiadzin went online in April, with the
bank continuing to expand its online network in Armenia.

"Our short-range objective is to ensure our customers are satisfied
with convenient services, including account management in any branch
of our bank, irrespective of its location and address," said General
Director of VTB Bank (Armenia) Valery Ovsyannikov.

"What we offer our citizens is to get an online access to our services
and make payments via our online branches," Ovsyannikov said.

According to the bank’s schedule, two or three branches will go online
every month by the end of the first half of 2009. VTB Bank (Armenia)
is enhancing its services with the help of advanced technologies.

VTB Bank (Armenia) (previously Armsavingsbank) joined VTB Group in
April 2004. VTB Bank is the absolute shareholder of VTB Bank (Armenia).

As of March 31, 2009, the bank’s capital totaled 23.9bln drams, with
its assets and20liabilities amounting to 105.8bln drams and 81.9bln
drams. The bank’s loan investments totaled 74.2bln drams. ($1-372.07
drams).