VIII CONGRESS OF UNION OF ARMENIAN BANKS IS TO BE HELD ON JUNE 18

YEREVAN, June 15. /ARKA/. VIII Congress of Union of Armenian Banks is
to be held on June 18, 2005. According to the Union’s press-release,
Armenian PM Andranik Margaryan, RA CBA Chairman Tigran Sargssyan,
Armenian Finance and Economy Minister Vardan Khachatryan, the head
of National Assembly’s Standing Commission on Financial, Budget and
Economic Affairs Gagik Minasyan and the Chairman of the Union of
Manufacturers and Entrepreneurs of Armenia Arsen Ghazaryan are set
to speak at the congress.

The Union’s report of activity for 2004, the 2004 fiscal report, the
election of new members and confirmation of its board composition
are on the congress agenda. Besides, key directions of the Union’s
activity for 2005 are expected to be presented at the congress and
the congress address to Armenian President, Parliament, Government
and the Central Bank are to be heard. The Union Revision Commission’s
conclusion and its 2005 budget approval are on the congress agenda
as well. The Union’s head Samvel Chzmachyan is due to speak at the
end of the event. M.V. -0–