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RDBM Intends To Visit Armenia

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  • RDBM Intends To Visit Armenia

    RDBM INTENDS TO VISIT ARMENIA

    Panorama.am
    17:32 10/03/2008

    The Reconstruction and Development Bank of Moscow (RDBM) plans to
    create bank sector for Armenia, Belarus and Uzbekistan. The information
    is provided by "Commersant. Business Guide", which held an interview
    with the managing director of the bank Sergey Zaytsev.

    He mentioned about the plans of the bank to enter developing
    markets. "The markets in CIS countries differ by their level of
    development, in some cases the non state bank system is just being
    developed, and in another countries they have already developed. Thus
    we consider Armenia, Belarus and Uzbekistan to be the countries where
    we plan to start the bank system entrance," he said.

    He added that in these countries the negotiations started with the
    working groups, and the legislation is being examined, besides the
    consumer preferences, banking services, consumer demands and population
    welfare are being analyzed.

    Note that RDBM was founded in January 29, 1993. This current bank
    is the authorized bank of Moscow Government. In 2005 RDBM entered
    investment insurance system. In 2008 International Moody's Invertors
    Service and Fitch Ratings agencies reaffirmed RDBM rate as "stable".
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