ROBERT KOCHARYAN’S ANNUAL MEETING WITH HEADS OF COMMERCIAL BANKS

ArmRadio.am
21.03.2007 16:06

RA President Robert Kocharyna’s annual meeting with Heads of Commercial
Banks was held in Yerevan today, President’s Press Office informs.

Robert Kocharyan said that part of the questions discussed during
the previous meeting found their solution, some others are in the
process of settlement.

The President mentioned that although the banking system is rapidly
developing, there is still much to do in the enlargement of the
financial sector of economy and provision of large-scale financial
services. Robert Kocharyan emphasized the importance of applying new
approaches and technologies in this process.

During the meeting reference was made to the mortgage market,
implementation of the insurance system, reformation of the pension
system.

The bankers noted that bringing the internal financial resources to
the banking sector is of primary importance, for which it is necessary
to increase the trust in banks.

Reference was made also to the activity of the Union of
banks. President of the Union Stepan Gishyan informed that today the
structure has 19 member banks. Recently the Union joined the associated
member of the European Union of Banks, which promotes the expansion
of cooperation with the European banking system implementation of
new methods in our system.