VTB Bank (Armenia) has financed the construction of a modern multi-function residential estate in Yerevan's Malatia-Sebastia community.
The building has 23 stories, 292 apartments as well as office premises and parking lots.
The constructors were D&H Group and Logicon Development. According to CEO of VTB Bank (Armenia) Yuri Gusev, the project has created lots of jobs.
D&H Group was set up in 2006. In 2013 it was obtained by Logicon Group.
VTB Bank (Armenia) joined VTB Group in Apr 2004. Its sole owner is VTB Bank. VTB Bank (Armenia) has 67 branches. As of July 2014 it had the third biggest construction lending portfolio (13.3bln AMD or 6% of the total loan book).