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ITAR-TASS, Russia
August 21, 2012 Tuesday 10:21 PM GMT+4
Armenian Central Bank refutes broad activity of Iranian banks
YEREVAN August 21
The Armenian Central Bank has refuted media reports alleging broad
activity of Iranian banks in the republic.
"Banks operating in Armenia have no correspondent relations with banks
and financial organizations registered in Iran," the Central Bank said
on Tuesday.
"All the banks operating in the Armenian territory are being
supervised by the Armenian Central Bank and are complying with the
normative acts of the Armenian Central Bank and interbank legal acts,"
it said.
The comment was made on foreign media reports alleging the successful
activity of Iranian banks in Armenia regardless of international
sanctions. "The Armenian Central Bank, in the first place, binds banks
and other financial organizations to hold a detailed monitoring of
every transaction for avoiding actions unacceptable for the
international community," the statement said.
Iranian Mellat Bank has been working in Armenia since 1996. "Most of
the bank clients are small and medium businesses engaged in
Iran-Armenia trade, tourists and students," the statement said. "The
operations and assets of the bank shrank considerably in the past
three to four years. For instance, bank assets more than halved from
December 31, 2010, to July 1, 2012, from $88 million to $40 million,"
the statement said.
August 21, 2012 Tuesday 10:21 PM GMT+4
Armenian Central Bank refutes broad activity of Iranian banks
YEREVAN August 21
The Armenian Central Bank has refuted media reports alleging broad
activity of Iranian banks in the republic.
"Banks operating in Armenia have no correspondent relations with banks
and financial organizations registered in Iran," the Central Bank said
on Tuesday.
"All the banks operating in the Armenian territory are being
supervised by the Armenian Central Bank and are complying with the
normative acts of the Armenian Central Bank and interbank legal acts,"
it said.
The comment was made on foreign media reports alleging the successful
activity of Iranian banks in Armenia regardless of international
sanctions. "The Armenian Central Bank, in the first place, binds banks
and other financial organizations to hold a detailed monitoring of
every transaction for avoiding actions unacceptable for the
international community," the statement said.
Iranian Mellat Bank has been working in Armenia since 1996. "Most of
the bank clients are small and medium businesses engaged in
Iran-Armenia trade, tourists and students," the statement said. "The
operations and assets of the bank shrank considerably in the past
three to four years. For instance, bank assets more than halved from
December 31, 2010, to July 1, 2012, from $88 million to $40 million,"
the statement said.