Yerevan /Mediamax/. “VTB Bank (Armenia)” refuted the statements on problems present in the bank with liquidity## and expressed surprise in connection with the “irresponsible statements” of the former Prime Minister of Armenia Hrant Bagratyan.

The press service of “VTB Bank (Armenia)” said this, commenting on the request of Mediamax on the recent statements of the Ex-Prime Minister.

“In the recent few days statements appeared in press mentioning “VTB Bank (Armenia)” CJSC, based not on real figures, events and facts, but, more on personal “opinions” of the Ex-Prime Minister Hrant Bagratyan. The press service of “VTB Bank (Armenia)” officially refutes the information, according to which the bank has any problems with liquidity and expresses its surprise in connection with the irresponsible nature of Bagratyan’s statements as to this issue.

Bagratyan should also know that “VTB Bank (Armenia)” CJSC is a universal subsidiary bank within the composition of VTB Group, and not the branch (as he states) of VTB Bank. The comment of the orator concerning the credit deal at $250mln between VTB Bank OJSC and “Teghut” CJSC (Bagratyan probably mistakenly names the latter “Vallex” Company) does not correspond to the reality either. “Teghut” CJSC Company does not have any problems with return of means on the above-mentioned deal. The publications also include other strong distortions of facts and we establish with regret that “VTB Bank (Armenia)” CJSC is forced to refute incompetent and ungrounded judgments”, the press service of the Bank told Mediamax.