CBA issues license to All Armenian BankJune 3, 2011 - 17:00 AMT PanARMENIAN.Net - On June 2, the Board of the Central Bank of Armenia (CBA) issued a license to All Armenian Bank public corporation. The bank's authorised capital amounts to USD 100 million; USD 20 million was provided by the government. All Armenian Bank's board is chaired by Armenian Prime Minister Tigran Sargsyan; presidential advisor Vahram Nersisyants was appointed as bank's CEO. All Armenian Bank's activities will focus on provision of long-term credits, with IT sector, healthcare, education and tourism selected as priority spheres. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. |