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MBRD runs bank in Armenia

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  • MBRD runs bank in Armenia

    Panorama.am

    15:46 06/05/2008

    MBRD RUNS BANK IN ARMENIA

    Moscow Bank for Reconstruction and Development
    affirmed the project of running a bank in Armenia.
    According to the MBRD managing director Sergey Zaycev,
    in 2008 MBRD will dispose 570 million dollars to buy
    banks.

    `The sum is enough to run several projects in Russian
    and CIS countries. And we are intended to start
    activities in Belarus, Uzbekistan, Armenia where
    `Systema' AFK companies' group positions are quite
    stable,' he said.

    MBRD main stock holder is `Systema' AFK which is in
    the list of 50 world famous bank net.

    Source: Panorama.am
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