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Bank VTB Armenia opens $4 million credit for ACMC

02.12.2009 19:33

Bank VTB Armenia opens $4 million credit for ACMC

YEREVAN, December 2, /ARKA/. Bank VTB Armenia said in a statement it has opened a $4 million open-end credit for Agarak copper-molybdenum combine.

‘The bank has always regarded the Agarak copper and molybdenum combine as one of its strategic partners. We are cooperating effectively with leading mining enterprises of Armenia and against the backdrop of our expansion in the southern province of Syunik we plan to make more investments in the region’s economy and infrastructure,’ Bank VTB Armenia CEO Valery Ovsyanikov was quoted as saying.

He said the arrangement was reached during his recent meeting with Roman Khudoliyev, president of

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