ALL BRANCHES OF BANK VTB (ARMENIA) CONNECTED TO ONLINE SYSTEM

ARKA
July 29, 2009

YEREVAN, July 29. /ARKA/. Bank VTB (Armenia) successfully completed
the program on connecting its branches to an online centralized
client servicing system throughout Armenia. The process started back
in January 2008, the bank’s press service reported.

According to the report, development of technology-based banking
communication allowed the bank turning to a new level of client
servicing.

Clients of Bank VTB (Armenia) will get an opportunity to effect banking
transactions in any branch and use the whole range of Internet-based
"Bank-Client" services online, says the press release.

Bank VTB (Armenia) (Armsavingsbank before June 20 2006) joined the
VTB Group in April 2004. Currently the bank VTB is the full owner of
Bank VTB (Armenia) closed joint stock company.

The bank has the biggest branch network in Armenia today (78 branches).