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Pan-Armenian Bank Opens In Yerevan

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  • Pan-Armenian Bank Opens In Yerevan

    PAN-ARMENIAN BANK OPENS IN YEREVAN
    Alisa Gevorgyan

    Radiolur
    07.09.2011 14:58

    The Pan-Armenian Bank was solemnly opened in Yerevan today. The
    ceremony was attended by President Serzh Sargsyan.

    "The newly opened bank will carry out its activity fully in line with
    market rules and will make decisions exceptionally on the basis of
    professional analyses," President of the Board of the Pan-Armenian
    Bank and its Executive Director Vahram Nersisyants told reporters.

    "The Pan-Armenian Bank will not compete with other banks. It will try
    to contribute to the strengthening and development of the system,"
    Vahram Nersisyants said.

    The Bank will attract long-term financing from international financial
    organizations and other private sources to promote the long-term
    development of competitive companies registered in Armenia.

    The Pan-Armenian Bank will not accept deposits and provide commercial
    loans, the Executive Director said.

    The Pan-Armenian Bank has already established cooperation with America
    Bank. At this point it provides 14 jobs; the number will later grow
    to 60.

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