  Ashot Osipyan: consolidation of Armenian banks will continueMay 31, 2010 - 15:35 AMT PanARMENIAN.Net - At May 31 news conference, Araratbank CEO Ashot Osipyan forecasted ongoing consolidation of Armenian commercial banks, characterizing the latter as natural process. “Given RA GDP volume and local population size, 11-15 commercial banks are optimal to Armenia,” Ashot Osipyan stated. On March 31, 2010 Ameriabank and Cascade Bank signed consolidation agreement.   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 |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
