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NKR: New Bank In Artsakh

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  • NKR: New Bank In Artsakh

    NEW BANK IN ARTSAKH

    NKR Government Information and
    Public Relations Department
    06.03.2012

    Converse Bank has already its branch in Artsakh. Official opening of
    the bank is foreseen later but the bank has already started to work.

    On March 5 a meeting of the representatives of Converse bank with
    the Prime Minister Ara Haroutyunyan took place where the prospects
    of cooperation had been discussed.

    The Government of Artsakh has a working experience with the private
    sector especially with banks. A number of state projects are realized
    within the frameworks of the cooperation. The main direction of
    cooperating with Converse bank will be agriculture. The government
    foresees to import farming machines up to 2 milliard AMD in the
    forthcoming years. It is also foreseen that the producers of the
    abovementioned machines will have their representations in Artsakh.

    Converse bank's participation in the realization of this issue will be
    direct. During the coming month will be clarified terms of crediting.

    The Government of Artsakh will subsidize percents fully or partially
    or will pay a part of the total sum.


    From: Baghdasarian
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