Banking sector in Armenia, Georgia shows good growth ratesJune 28, 2011 - 12:15 AMT PanARMENIAN.Net - In Armenia, about 1 million bank cards have been issued, alongside 3,195 POS terminals and 778 ATM units installed. The number of POS terminals in Georgia totals 10,286 units, ATM stations - 1,512, and bank cards - about three million. Azerbaijan, a country with a population of over 8 million, shows the following results: it has 7,988 POS terminals, 1,992 ATMs and slightly over 4 million credit cards. Despite the difficult post-crisis period, the banking sector shows good growth rates in Georgia and Armenia, on average 15%. INPAS Company (Innovative Payment Solutions), which is a supplier of technological solutions for acquiring networks, held a conference from June 15-17, 2011, “INPAS-Event 2011” in Batumi, Georgia. The conference brought together members of the banking market from the South Caucasus. It was visited by representatives of Georgian, Armenian, Azerbaijani banks, as well as by companies that supply the host solutions and acquiring equipment, The Financial reports. 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 | 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. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |