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CBA's Chairman: Armenian Banking System To Always Focus On Future

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  • CBA's Chairman: Armenian Banking System To Always Focus On Future

    CBA'S CHAIRMAN: ARMENIAN BANKING SYSTEM TO ALWAYS FOCUS ON FUTURE

    ARKA
    Nov 24, 2008

    YEREVAN, November 24. /ARKA/. Armenian banking system will always
    focus on the future, the Chairman of the Central Bank of Armenia
    (CBA) Artur Javadyan said at the official reception on the Banking
    Employee Day and the 15th anniversary of the Armenian Dram Saturday.

    The country's banking system has undergone trials since the
    independence was declared, and today it is prepared to meet any
    challenges, he said.

    According to Javadyan, owing to it year-to-year achievements,
    introduction of advanced technologies, activities that are in harmony
    with the international practice, the banking system gained clients'
    confidence.

    "Today we have a national currency - Armenian Dram - taking resolute
    steps, an accomplished banking system that is a leader in the region,
    growing financial intermediation and expanded involvement of the
    population in banking services' sector," Javadyan said. Mutual
    understanding and respect and cooperation are the factors guaranteeing
    the confidence, he said.

    Armenian banking system will always keep focus on the future and
    will be always offering new services and will support the society to
    achieve prosperity and sustainable growth, Javadyan said.

    Armenian Dram was officially introduced as the national currency of
    Armenia on November 22 1993.
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