VTB BANK (ARMENIA) FINANCED FASHION CLOTHING FROM ITALY

ARKA
Feb 3, 2010

YEREVAN, February 3. / ARKA /. VTB Bank (Armenia) funded the delivery
of the famous Italian fashion brand Marina Rinaldi and Maxmara in
January 2010 through the opening in favor of the Italian partners of
the Armenian company Modamaks, the press office of the Bank reported.

"In accordance with the Bank’s strategic development program for
2008-2010, as well as paying particular attention to financing
export-import activities to small and medium-sized businesses, VTB bank
(Armenia)" continues to increase the resources allocated to finance
transactions in trade," said the report.

CJSC VTB Bank (Armenia) offers its clients a full range of services
when making international payments in the form of documentary
operations, and if necessary implementing individual schemes of
calculations using the instruments of credit and trade finance through
foreign resources.

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.

From: Emil Lazarian | Ararat NewsPress