TIGRAN SARGSIAN ELECTED INTERSTATEBANK BOARD CHAIRMAN

YEREVAN, APRIL 5, NOYAN TAPAN. At the Interstatebank’s annual meeting
in Moscow on April 1, Chairman of the Central Bank of Armenia (CBA)
Tigran Sargsian was elected Chairman of the Interstatebank’s Board at
the suggestion of the RF Central Bank’s Chairman Sergei Ignatyev.
Interstatebank was founded on January 22, 1993, by Armenia,
Belarus, Kazakhstan, Kyrghyzstan, Moldova, the Russian Federation,
Tadzhikistan, Turkmenistan, Uzbekistan and Ukraine. The highest
body of Interstatebanks’s management is its board, with operative
management being implemented by chairman appointed by the board.
Interstatebank is an international intergovernmental organization
that fulfils various banking functions in the CIS countries, has
correspondent relations with the central banks – its members, as well
as with a number of commercial banks such as Ost-West, Handelsbank,
Donay Bank, CITIBANK. Interstatebank carries out investment and
credit activities in the CIS countries and has offices in Armenia,
Kyrghyzstan and Belarus. According to the CBA press service, T.
Sargsian will participate in the 16th congress of the Union of Russian
Banks in Saint Petersburg on April 5.