MEMBERS OF THE UNION OF BANKS AT RA PRESIDNET’S OFFICE

ArmRadio
22.03.2006 16:40

Today President Robert Kocharyan had a working consultation with
members of the RA Union of Banks.

The President welcomed the Union’s decision to work more actively
and noted that this will encourage the development of partnership
between the government and the Central Bank, and the existence of
diverse views will allow to draw more correct conclusions on issues
regarding the banking system.

Heads of 14 banks member to the Union presented the urgent issues of
the system and their suggestions regarding the resolution of these.

Great importance was attached to the decrease of shadow economy and
the rise of the population’s trust in the banks.

Robert Kocharyan said that the reforms implemented in the Republic are
directed also at the reduction of the shadow economy, and positive
change is already observed in this regard. The President expressed
willingness to discuss the suggestions of the banks, which will also
promote the decrease of the shadow economy from the pointy of view
of the banking activity.

The banker noted that the fact that the issues discussed with the
President previously have been resolved allows to hope that this
meeting will also have practical results.