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Process Of Consolidation Of Armenian Banks Inevitable

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  • Process Of Consolidation Of Armenian Banks Inevitable

    PROCESS OF CONSOLIDATION OF ARMENIAN BANKS INEVITABLE

    /PanARMENIAN.Net/
    12.11.2009 20:42 GMT+04:00

    /PanARMENIAN.Net/ Process of consolidation of Armenian banks
    inevitable, Chairman of the Board of Directors of Ameriabank and the
    Board of Directors of Troika Dialog Ruben Vardanyan told journalists
    in Yerevan. The process of bank agglomeration is inevitable, he said.

    According to him the process of consolidation of banks will take place
    in Armenia. That process is objective and aimed at internationalization
    of Armenia's banks. "Armenia's banking system gradually becomes
    international in terms of ownership, " Ruben Vardanyan said.

    However, he mentioned, that there has not been any agreement yet
    between Ameriabank and other bank in Armenia.
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