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Converse Bank To Participate In Foundation Of Post Bank

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  • Converse Bank To Participate In Foundation Of Post Bank

    CONVERSE BANK TO PARTICIPATE IN FOUNDATION OF POST BANK

    Noyan Tapan
    Feb 12, 2008

    YEREVAN, FEBRUARY 12, NOYAN TAPAN. Serious work is being done in
    Armenia with the aim of founding Post Bank, and an agreement on its
    joint creation has been reached with Converse Bank, the RA minister
    of transport and communication Andranik Manukian told reporters on
    February 12.

    Speaking about activities of HayPost in the past year, the minister
    said that many positive changes have taken place in the postal system
    after its transfer for management: the manager has made investments
    in some post offices, which were repaired and brought into line with
    international standards. A. Manukian announced that 50 post offices
    will be repaired this year.

    According to him, the process of reducing HayPost' staff has finished,
    and the manager promised to create normal working conditions for
    employees.

    The minister did not exclude the possibility of privatization of
    HayPost in the future, adding that this issue is not under discussion
    now.
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