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Lloyds TSB To Help Armenian Bank Meet Western Standards

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  • Lloyds TSB To Help Armenian Bank Meet Western Standards

    LLOYDS TSB TO HELP ARMENIAN BANK MEET WESTERN STANDARDS

    Armenpress
    Sept 7, 2005

    YEREVAN, SEPTEMBER 7, ARMENPRESS: One of the leading commercial banks
    of Armenia, Armeconombank and a British Lloyds TSB consulting firm
    announced today in Yerevan the start of an institutional reconstruction
    and development project for Armenian bank.

    Lloyds TSB was selected from 6 consulting firms last March which were
    competing for implementation of a technical assistance program for the
    bank after EBRD bought 25 percent shares +1 share of Armeconombank. The
    program duration is 18 months. After its completion Armeconombank
    will boast of having the state-the-art banking technology.

    From: Emil Lazarian | Ararat NewsPress
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