Armenia to increase BSTDB share to 5%

Armenia to increase BSTDB share to 5%
June 21, 2012 - 13:55 AMT

PanARMENIAN.Net - The fourth medium-term strategy of the Black Sea Trade and Development Bank (BSTDB) on Armenia has already been approved by BSTDB Board, RA Deputy Minister of Finance said

Vardan Aramyan noted that Armenia’s share in the bank portfolio totals 3,7%, increasing it to 5% among the Ministry’s plans.

“Reports on Armenia’s economic situation, achievements and government steps on enhancing business environment will be delivered during ‘Business Forum Armenia: Opportunities for Growth and International Experiences’ with specific programs to be discussed,” he said.

Dwelling on BSTDB Board annual meeting due on June 24, the Deputy Minister said it will address issues related to redistribution of bank profits, total scores and activities completed in member-sates.

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