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"ANELIK BANK" TO WORK WITH PROFIT
/PanARMENIAN.Net/
06.07.2009 22:25 GMT+04:00
/PanARMENIAN.Net/ "Anelik Bank" will work with profit, "Anelik Bank"
CJSC's board chairman Samvel Chzmacian told a news conference devoted
to the end of the process of Lebanese Credit Bank's acquisition of 51%
Armenian Bank's shares. Despite the hard situation in Armenia, the bank
works in crisis circumstances, he said. "I find it the right policy,
but the situation in 2008 cannot be compared with the situation at
present, and we don't know what's going to happen in 2010. We will
definitely strive for profit," Chzmachian stated.
To that end, the bank will use all possible means; it will provide
credits at reasonable terms and use the resources of the Russian
sub-credit. For over ten years, the bank has been cooperating with
KfW and EBRD, "Anelik Bank's" board chairman added.
In his turn, Chair of Credit Bank's Directors' Board Tarek Khalife
added that the Lebanesse bank shared the same view with the Armenian
bank's managing board, i.e. that profit is a short-term objective. "We
pursue long-term perspectives because profit in the banking system
cannot be estimated only at the end of the given year, and both
parties should be actively involved in the process," Khalife noted.
/PanARMENIAN.Net/
06.07.2009 22:25 GMT+04:00
/PanARMENIAN.Net/ "Anelik Bank" will work with profit, "Anelik Bank"
CJSC's board chairman Samvel Chzmacian told a news conference devoted
to the end of the process of Lebanese Credit Bank's acquisition of 51%
Armenian Bank's shares. Despite the hard situation in Armenia, the bank
works in crisis circumstances, he said. "I find it the right policy,
but the situation in 2008 cannot be compared with the situation at
present, and we don't know what's going to happen in 2010. We will
definitely strive for profit," Chzmachian stated.
To that end, the bank will use all possible means; it will provide
credits at reasonable terms and use the resources of the Russian
sub-credit. For over ten years, the bank has been cooperating with
KfW and EBRD, "Anelik Bank's" board chairman added.
In his turn, Chair of Credit Bank's Directors' Board Tarek Khalife
added that the Lebanesse bank shared the same view with the Armenian
bank's managing board, i.e. that profit is a short-term objective. "We
pursue long-term perspectives because profit in the banking system
cannot be estimated only at the end of the given year, and both
parties should be actively involved in the process," Khalife noted.