YEREVAN, June 13. / ARKA /. VTB Bank (Armenia) said today it is financing the construction of a modern guest complex in downtown Yerevan that will comprise apartments, office space, retail trade outlets, restaurants and a fitness center.

"The amount of funding is 8 billion drams. The construction company is D&H Group. The project is scheduled for completion in 2016," the bank said in a press release.

Bank VTB (Armenia) CEO Yuri Gusev was quoted as saying that the construction of the new guest complex will create new jobs during the construction and during the complex’s operation.

D&H Group was established in 2007 to implement Dalma Plaza project. In 2013 the company was acquired by a group of companies Logicon.

VTB Bank (Armenia) is owned fully by Russian VTB Bank. It runs 67 branches across Armenia. -0-