YEREVAN, October 15. /ARKA/. Some 800 employees at VTB Bank (Armenia) have taken classes since the beginning of this year to improve their knowledge and skills, the bank's press office reported on Thursday.

“VTB Bank (Armenia) is constantly working to improve quality of its services and organizing trainings for its employees either in Armenia (80% of education programs) or in those CIS countries where VTB Group has offices,” the press release says.

According to the press release, training is a key component of the system's partner programs. This model makes it possible to develop cooperation with new participants and maintain longstanding ties with old partners.

VTB Bank (Armenia) cooperates with Armenia's flagship insurance companies, particularly Rosgosstrakh – Armenia, RESO and INGO ARMENIA.  These companies have developed unique insurance products for VTB Bank (Armenia), and the bank officers who serve this range of products have undergone an intensive training.

“The current system of corporate education allows lessening banking activity risks, since correctly and timely trained specialist will easier avoid mistakes which may cause financial losses to the bank or its clients,” the bank says in its press release.

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 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. -0---