Ameriabank CJSC is actively working to implement merger plans and enter Georgia’s financial market, with certain progress expected in spring, according to the bank’s development director.

At news conference in Yerevan, Tigran Jrbashyan refrained from providing specific information on projects described.

As Jrbashyan reported earlier, the bank is negotiating a purchase of a Georgian bank, in view of Ameriabank clients’ interest in Georgia’s financial market. According to Georgian media reports, Ameriabank planned the purchase of HSBC-Georgia assets.

On April 10, 2011, Ameriabank and Cascade Bank announced completion of merger transaction.