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SPECTRUM OF BANK SERVICES TO BE ENLARGED IN NAGORNO-KARABAKH
DeFacto Agency
2008-07-07 15:20:00
Armenia
STEPANAKERT, 07.07.08. DE FACTO. A sitting of the Union of Banks of
Armenia was held in Nagorno-Karabakh. Arthur Javadian, the Chairman
of the RA Central Bank, and leaders of Armenia's commercial banks
attended the meeting.
The issues referring to enlarging spectrum of bank services were
discussed in the course of the meeting. Bankers from Armenia displayed
interest in economic development programs being realized in the NKR and
business programs, in part, the issues relevant to hypothec crediting.
According to statistic data presented at the meeting, by the
quantity of banks calculated per capita Nagorno-Karabakh outstrips
Republic of Armenia, though there are a number of settlements in
Karabakh, where bank services are not or are partially accessible to
population. Artsakhbank has 10 branches in all regions of NKR. The
bankers, who attended the meeting, also presented the activity of
companies they headed, as well as the information on total capital,
credits, investments in NKR, etc.
Currently there are 22 commercial banks on the territory of
Republic of Armenia; the activity of only 7 of them applies to
Nagorno-Karabakh. Investments in NKR make about 11 milliard drams.
Obviously not only increase in number of bank branches, but also
involvement of new banks in the NKR economy will result in rising
competition and quality of bank service.
DeFacto Agency
2008-07-07 15:20:00
Armenia
STEPANAKERT, 07.07.08. DE FACTO. A sitting of the Union of Banks of
Armenia was held in Nagorno-Karabakh. Arthur Javadian, the Chairman
of the RA Central Bank, and leaders of Armenia's commercial banks
attended the meeting.
The issues referring to enlarging spectrum of bank services were
discussed in the course of the meeting. Bankers from Armenia displayed
interest in economic development programs being realized in the NKR and
business programs, in part, the issues relevant to hypothec crediting.
According to statistic data presented at the meeting, by the
quantity of banks calculated per capita Nagorno-Karabakh outstrips
Republic of Armenia, though there are a number of settlements in
Karabakh, where bank services are not or are partially accessible to
population. Artsakhbank has 10 branches in all regions of NKR. The
bankers, who attended the meeting, also presented the activity of
companies they headed, as well as the information on total capital,
credits, investments in NKR, etc.
Currently there are 22 commercial banks on the territory of
Republic of Armenia; the activity of only 7 of them applies to
Nagorno-Karabakh. Investments in NKR make about 11 milliard drams.
Obviously not only increase in number of bank branches, but also
involvement of new banks in the NKR economy will result in rising
competition and quality of bank service.