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Bank VTB (Armenia) ‘Best Bank’ in ‘Public Rankings’

YEREVAN, September 29. /ARKA/. Bank VTB (Armenia) has been announced the ‘Best Bank” at Public Rankings awarding ceremony in Spendiaryan National Opera and Ballet House on Saturday September 27, the bank’s press office reported.

In April the Armenian office of Gallup International conducted a poll across Armenia to establish which bank is considered the best.

A total of 1,067 people were interviewed in all regions of Armenia, and the expert conclusion of the Public Rankings company says Bank VTB (Armenia) is the best, according to the report.

Member of the Armenian parliament Karine Achemyan handed the award to Bank VTB (Armenia) general director and chairman of board Yury Gusev.

This award is the achievement of both the staff and the clients of the bank, Gusev said.

The head of the bank also said they will continue expending the company and introducing new services in the Armenian market.

The Public Rankings included some 30 nominations in finance, banking, telecommunications, construction, industry and other fields.

The Public Ranking company is an informational and analytical organizations carrying out expert studies.

Bank VTB (Armenia) closed joint stock company became a member of VTB financial group in April 2004. The second biggest Russian bank, Bank VTB open joint-stock company, is now the full owner of Bank VTB (Armenia). The bank used to be among leaders of Armenian banking system on a number of basic indicators. Currently the bank has the biggest network in Armenia – 67 branch offices throughout the country.

Assets of Bank VTB (Armenia) amounted to 312.5 billion drams as of July 1; the bank’s liabilities were 268.5bln drams, capital about 44bln drams, loan investments about 230.3bln drams. ($1 – 408.5 drams). –0–

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