YEREVAN, January 15. /ARKA/. VTB Bank (Armenia) denies a media report about its total capital amount and inclusion of the bank in the risky zone, the bank's press office reported on Thursday.
«In an article appeared on Armrur.am under the title 'Banks on Brink of Closure' (http://armlur.am/289357/) false data on VTB Bank (Armenia) is used,» the press release says. «In particular, it was said in the article that the total capital of VTB Bank (Armenia) amounted to 20 billion 775 million 690 thousand drams by September 30, 2014 and that the bank is included in the risky zone, but this allegation has absolutely nothing in common with the reality.»

The press office says that the figure used by the journalist (20 billion 775 million 690 thousand drams) is the authorized, not total capital of VTB Bank (Armenia). The total capital amounted to 50.1 billion by the end of the third quarter, which completely meets the new requirements of the Central bank of Armenia.
«VTB Bank (Armenia) is one of flagship banks in Armenia and need no merger or other measures, mentioned in the article, to comply with the requirements of the Central Bank of Armenia,» the press release says.

The bank's press office urges journalists to apply to the bank for accurate information.

VTB Bank Armenia 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 67 branches all over Armenia’s territory - the largest branch network in the country. VTB Bank (Armenia) is reckoned among flagship banks for general indicators. ($1 – AMD 478.09). --0--