Within the framework of retail service development, Vneshtorgbank launched a new product - it started accepting payments from individual customers for phone bills drawn by Moscow Municipal Phone Network company. Starting from April 2004, Moscow City inhabitants will be able to make such payments in all sub-offices and teller offices of Vneshtorgbank located in the capital.
Payments for phone communication services were arranged within the framework of the agreement entered into between VTB and Moscow Municipal Phone Network company, which was signed by Guennady Soldatenkov, Executive Vice-President and Deputy Chairman, for Vneshtorgbank, and Mikhail Smirnov, Director General, for Moscow Municipal Phone Network Inc.
This agreement has been a further step forward in long-term co-operation between Vneshtorgbank and Moscow Municipal Phone Network Inc., a major Russian communication provider. Joint efforts by Vneshtorgbank and Moscow Municipal Phone Network Inc. are going to foster not only further expansion and improvement of retail services offered by VTB, but it will also make an important contribution to strengthening its positions in services for telecommunication companies.