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Tigran Sargsian Elected Interstatebank Board Chairman

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  • Tigran Sargsian Elected Interstatebank Board Chairman

    TIGRAN SARGSIAN ELECTED INTERSTATEBANK BOARD CHAIRMAN

    YEREVAN, APRIL 5, NOYAN TAPAN. At the Interstatebank's annual meeting
    in Moscow on April 1, Chairman of the Central Bank of Armenia (CBA)
    Tigran Sargsian was elected Chairman of the Interstatebank's Board at
    the suggestion of the RF Central Bank's Chairman Sergei Ignatyev.
    Interstatebank was founded on January 22, 1993, by Armenia,
    Belarus, Kazakhstan, Kyrghyzstan, Moldova, the Russian Federation,
    Tadzhikistan, Turkmenistan, Uzbekistan and Ukraine. The highest
    body of Interstatebanks's management is its board, with operative
    management being implemented by chairman appointed by the board.
    Interstatebank is an international intergovernmental organization
    that fulfils various banking functions in the CIS countries, has
    correspondent relations with the central banks - its members, as well
    as with a number of commercial banks such as Ost-West, Handelsbank,
    Donay Bank, CITIBANK. Interstatebank carries out investment and
    credit activities in the CIS countries and has offices in Armenia,
    Kyrghyzstan and Belarus. According to the CBA press service, T.
    Sargsian will participate in the 16th congress of the Union of Russian
    Banks in Saint Petersburg on April 5.
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