YEREVAN, July 27. /ARKA/. VTB Bank (Armenia) said Thursday it had sponsored one of Yerevan Municipality’s projects- reconstruction of the fountain in Yerevan downtown.

An official opening ceremony of the reconstructed fountain after Karen Demirchyan adjacent to the central Mesrop Mashtots Avenue was held on Wedneday.

Deputy Mayor of Yerevan Kamo Areyan, as well as representatives of Municipality, state structures and VTB Bank (Armenia) administration were present at the event.

According to the source, VTB Bank (Armenia) welcomes any initiative directed to improving the city’s infrastructure.

“We are happy to get involved into social programs. This time VTB Bank (Armenia) implemented the program of reconstructing one of Yerevan’s fountains. VTB Bank (Armenia) was pleased to get involved into this program as it contributed to the initiative of Municipality offering to Yerevanis and the capital’s guests another beautiful place in our ancient and always young Yerevan. I am confident the cooperation between the Municipality and our bank will continue expanding demonstrating efficient results to the city and the residents,” Acting General Director – Chairman of the Board of Directors at VTB Bank (Armenia) Yuri Gusev said in a statement.

VTB Bank Armenia joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). It has the largest branch network in the country – 68.It has the largest branch network in the country – 68.-0--