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1st session of "Union of Participants of Mortgage Market of Armenia"

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  • 1st session of "Union of Participants of Mortgage Market of Armenia"

    ARKA News Agency, Armenia
    March 10 2006

    FIRST SESSION OF "UNION OF PARTICIPANTS OF MORTGAGE MARKET OF
    ARMENIA" TO TAKE PLACE ON MARCH 17

    YEREVAN, March 10. /ARKA/. The first session of the "Union of
    Participants of Mortgage Market of Armenia" will take place on March
    17. Such decision was made today during the constituent assembly of
    the Union in Yerevan.
    One of the founders of the Union, Executive Director of the
    "Armeconombank" Ashot Osipyan stated that elections of the Executive
    Director of the Union will be held during the first session of the
    Union as well as structural issues will be discussed.
    Besides that, in his words, they intend to discuss the working
    program of the activities of the Council of the "Union of
    Participants of the Mortgage Market of Armenia".
    The founders and the members of the Union are 8 commercial banks
    ("Armeconombank", "Areksimbank", "Yunibank", "Ararat bank",
    "Arminvestbank", "Armenian Bank for Development", "Armswissbank"), 4
    insurance companies ("Sil Insurance", "Private Insurance", "Nairi
    Insurance", "Prime Insurance Brokers"), 2 financial organizations
    (universal credit organizations "Washington Capital" and "First
    Mortgage Company") and 4 real estate agencies ("Alta VIP", "M&M",
    "Premier Realty", "Elephant Realty"). S.P. --0--
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