ARMENIA ACQUIRES RELIABLE PARTNER IN PERSON OF GAZPROMBANK,
CHAIRMAN OF BANK SAYS
25-01-2008 20:20:00 | Armenia | Economy
YEREVAN, JANUARY 25, NOYAN TAPAN. Gazprombank faces serious
competition in Armenia: the country's banking system is
developing rapidly, in 2007 alone, branches of five foreign
banks started operating in Armenia. The RA president Robert
Kocharian said this when receiving Gazprombank's chairman Andrey
Akimov and the board chairman Farid Kantserov on Janaury 25.
According to a press release of the RA president's press
service, R. Kocharian stated that being quite liberal, the
Armenian banking legislation also envisages strict supervision
of activities of banks.
Presenting the work of Gazprombank, A. Akimov said that it
is one of Russia's largest banks, which makes considerable
investments in the economy along with carrying out banking
activities. In his words, the bank is not pursuing immediate
goals in Armenia but it intends to do serious work and has
far-reaching goals and long-term programs. He assured the
Armenian president that Armenia acquires a realiable and
reasonable partner in the person of Gazprombank.