YEREVAN, September 10. /ARKA/. A multifunctional residential complex built with VTB Bank (Armenia) financing opened Wednesday in Yerevan.

“The construction of the new residential complex financed by VTB Bank (Armenia) created new jobs while the building was under construction and commissioning,” Yuri Gusev, the bank’s CEO, said at the opening of the complex. “We find it important to provide financial support for housing construction, since this not only contributes to development of the sector as a whole, but also help citizens in obtaining available and comfortable homes.”

The 23-storey complex opened in Yerevan’s Malatia-Sebastia district, 1/2 Tsitsernakaberd, includes not only apartments but also office premises and car parking areas.

The complex has been built by D&H Group LTD that is a part of Logicon Group.

Yerevan Mayor Taron Margaryan, Armenian Urban Planning Minister Narek Sargsyan and other high-ranking officials attended the opening.

Vahe Petrosyan, director of D&H Group LTD, said that thanks to the financing provided by VTB Bank (Armenia) the complex has been constructed very quickly.

“There are 292 apartments here,” he said. “The complex has been constructed in conformity with all international standards and is located in a vibrant segment of the city.”

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 69 branches all over Armenia’s territory - the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. --0--