VTB (Armenia) Bank to Have 75 Branches by Late 2008
30.08.2008,
01:14
The VTB (Armenia) Bank will have 75 branches by late 2008, said Valery Ovsyannikov, general director and chairman of the directorial board of the bank.
YEREVAN, August 29. /ARKA/. The VTB (Armenia) Bank will have 75 branches by late 2008, said Valery Ovsyannikov, general director and chairman of the directorial board of the bank. To optimise the bank’s network, the Supervisory Board of the bank has decided to close down temporarily the bank’s branches in Nor-Hatchn, Yeghvard, Metsamor, Ashotsk and Stepanakert.
The customers of Karabakh will get services through the bank’s local partners.
The Araratbank, Ardshininvestbank, Artsakhbank, Armbusinessbank, Armeconombank and Unibank have branches in the Nagorno-Karabakh Republic.
The VTB (Armenia) Bank (former Armsavingsbank), became member of the VTB Banking Group in April 2004. The Russian VTB is now the absolute shareholder of the bank.
The authorized capital stock of the VTB (Armenia) Bank totals 13.78bln drams. The bank’s own capital amounts to 21.88bln dram. It has 80 branches across Armenia. The Fitch International Ratings Agency upgraded in July the bank’s short term and long-term issuer ratings to B and BB+ respectively.—0--
The customers of Karabakh will get services through the bank’s local partners.
The Araratbank, Ardshininvestbank, Artsakhbank, Armbusinessbank, Armeconombank and Unibank have branches in the Nagorno-Karabakh Republic.
The VTB (Armenia) Bank (former Armsavingsbank), became member of the VTB Banking Group in April 2004. The Russian VTB is now the absolute shareholder of the bank.
The authorized capital stock of the VTB (Armenia) Bank totals 13.78bln drams. The bank’s own capital amounts to 21.88bln dram. It has 80 branches across Armenia. The Fitch International Ratings Agency upgraded in July the bank’s short term and long-term issuer ratings to B and BB+ respectively.—0--
