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Vneshtorgbank expands its regional branch network

25 November 2004

Under Vneshtorgbank` Concept of regional branch network development approved by VTB Supervisory Board in February, 2004, two new branches of Vneshtorgbank started to operate in Ryazan (39, Moscow Highway) and Ulyanovsk (5a, Kuznetsov Str.). There, customers of Vneshtorgbank, both individuals and legal entities, are now offered a most comprehensive spectrum of banking services.

Through opening new branches, Vneshtorgbank seeks to enhance its efficiency, expand its geographical presence, reach out to new corporate customers and further increase the volume of its retail services offered to households. All these activities are in the focus of the Development Strategy of the Bank.

In 2004, Vneshtorgbank plans to additionally open 5 new branches. Presently, the network of the Bankounts to 48 branches, 89 offices and cashier`s desks in different cities of Russia, as well as 36 universal outlets in the City of Moscow and Moscow region.

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