VTB BANK (ARMENIA) CONNECTS 18 REGIONAL BRANCHES TO ON-LINE SYSTEM

/ARKA/
May 28, 2009
YEREVAN

The VTB Bank (Armenia) has connected 18 of its regional branches to
the on-line system. The bank’s press service reports that the bank,
which has the largest number of branches (78), is successfully
implementing an on-line program in the country.

The bank is actively working on schedule, connecting two or three
branches to the on-line system daily. "Thus the bank is consistently
implementing a target program of upgrading the quality of services
and a bank communication policy on the bases of modern technologies,"
says the press-release.

The VTB Bank CJSC (Armsavingsbank until June 20, 2006) joined the VTB
Group in April 2004. The VTB Bank is sole owner of the VTB Bank CJSC
(Armenia).

As of March 31, 2009, the assets of the VTB Bank (Armenia) totaled
105.8bln AMD, liabilities 81.9bln AMD, total capital 23.9bln AMD,
and authorized capital 13.8bln AMD.

As of May 26, 2009, 40 of the bank’s branches were connected to the
on-line system: 31 in Yerevan, two in Hrazdan, and one branch is each
of the towns of Vedi, Artashat, Masis, Echmiadzin, Gavar, Martuni,
Vardenis, Dilijan, Yeghegnadzor, Jermuk, Vaik, Sisian, Goris, Meghri,
Kapan and Charentsavan.