Armenpress

KOCHARIAN MEETS BANKERS

YEREVAN, MARCH 22, ARMENPRESS: President Kocharian
met today with chief managers of 14 commercial banks
which make the Union of Armenian Banks.
Kocharian’s press office said the meeting was
centered on ways to raise the effectiveness of the
banking system and attraction of fresh deposits which
he said will help banks to start issuing long-term and
low interest credits. Kocharian also emphasized the
ongoing efforts to reduce gradually the shadow sector
of economy and raise the confidence of people in
banks.
The bankers spoke about legislation shortcomings,
which they said create extra problems. The president
promised that all raised issues will be discussed and
solutions will be found.