 Process of consolidation of Armenian banks inevitableNovember 12, 2009 - 20:42 AMT PanARMENIAN.Net - Process of consolidation of Armenian banks inevitable, Chairman of the Board of Directors of Ameriabank and the Board of Directors of Troika Dialog Ruben Vardanyan told journalists in Yerevan. The process of bank agglomeration is inevitable, he said. According to him the process of consolidation of banks will take place in Armenia. That process is objective and aimed at internationalization of Armenia's banks. "Armenia's banking system gradually becomes international in terms of ownership, " Ruben Vardanyan said. However, he mentioned, that there has not been any agreement yet between Ameriabank and other bank in Armenia.   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 |  Related sections Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
