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Armenia Acquires Reliable Partner In Person Of Gazprombank, Chairman

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  • Armenia Acquires Reliable Partner In Person Of Gazprombank, Chairman

    ARMENIA ACQUIRES RELIABLE PARTNER IN PERSON OF GAZPROMBANK, CHAIRMAN OF BANK SAYS

    Noyan Tapan
    Jan 25, 2008

    YEREVAN, JANUARY 25, NOYAN TAPAN. Gazprombank faces serious competition
    in Armenia: the country's banking system is developing rapidly,
    in 2007 alone, branches of five foreign banks started operating in
    Armenia. The RA president Robert Kocharian said this when receiving
    Gazprombank's chairman Andrey Akimov and the board chairman Farid
    Kantserov on Janaury 25.

    According to a press release of the RA president's press service,
    R. Kocharian stated that being quite liberal, the Armenian banking
    legislation also envisages strict supervision of activities of banks.

    Presenting the work of Gazprombank, A. Akimov said that it is one
    of Russia's largest banks, which makes considerable investments in
    the economy along with carrying out banking activities. In his words,
    the bank is not pursuing immediate goals in Armenia but it intends to
    do serious work and has far-reaching goals and long-term programs. He
    assured the Armenian president that Armenia acquires a realiable and
    reasonable partner in the person of Gazprombank.
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