YEREVAN, February 22. /ARKA/. VTB Bank (Armenia) CEO Yury Gusev, who has worked in VTB Bank (Armenia) for nine years, of which six years as head of the bank, will continue his career in Russia by leading the Moscow business at Bank Otkritie, Member of VTB Bank Management Board Vladimir Verkhoshinsky said Wednesday at a news conference.

Verkhoshinsky thanked Yury Gusev praising the team of VTB Bank (Armenia).

“We, as parent bank, have always been happy about the results of BTV Bank (Armenia), which is one of pivotal banks…” he said.

He also said that Retail Business Head Ivan Telegin will be Gusev’s successor at VTB Bank (Armenia).

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 leaders for general indicators. -0---