Sep 1, 2008

YEREVAN, September 1. /ARKA/. VTB Bank (Armenia) has presented a
computer classroom to first- to fourth-year students of Yerevan
secondary school #21 affiliated to Russian Defense Ministry.

On Monday, Valery Ovsyannikov, director general of the bank, speaking
at the classroom presentation, said the room is equipped with the
most modern computers. He said this is neither first nor last action
of the bank.

"We are not speaking about any particular budget, but when it becomes
necessary, we'll be ready to provide support as par of our charity
and sponsorship", Ovsyannikov said.

He congratulated all the participants of the ceremony on the Day of
Knowledge and wish success in the new academic year.

Vladiimir Seryogin, adviser at Russian Embassy in Yerevan, stressed
the importance of computers and wished students luck.

The classroom equipment is comprised of 13 personal INTEL computers,
liquid-crystal monitors and other devices such as UPS, printers
and earphones.

The secondary school #21 was opened by Russian Defense Ministry in
Yerevan on September 1, 1994. The school was opened for children of
the military serving in the Russian troops deployed in Armenia. Now
402 students attend the school. There are two schools for Russian
servicemen in Armenia - one in Yerevan and the second in Gyumri.

VTB Bank (Armenia), formerly Armenian Savings Bank, joined VTB Group
in April 2004. VTB Bank holds 100% of stocks of VTB Bank (Armenia).

Authorized capital of VTB Bank (Armenia) is AMD 13.78 billion and
own capital 21.88 billion.

VTB Bank (Armenia) is among thee largest banks of the country on the
main indicators and the biggest asset-owner among banks in Armenia.

Fitch Ratings international rating agency gave "B" short-term and
"BB+" long-term issuer ratings to the bank in July. The agency also
gave long-term rating "stable" to the bank. ($1 - AMD 303.33).