INTERFAX-CEA IGNORES SOME OF LEADING ARMENIAN BANKS IN ITS RANKING OF 1,000
CIS BANKS
Yerevan, December 15. ArmInfo. The Interfax-CEA (Russia) ignored some
of the leading Armenian banks in its Jan-June 2006 rating of 1,000 CIS
banks.
According to ArmInfo, even though the number of Armenian banks grew
from 9 to 17 as against 2005, Interfax-CEA was not fully objective. Of
the 5 top Armenian banks (with biggest assets), HSBC Bank Armenia
(1st), ACBA (4th) and Armeconom (5th) as well as Cascade Bank (18)
were not on the list. The banks say that Interfaxt-CEA did not ask
them for financial information.