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    Categories: News

A Bank With German Capital Being Founded In Armenia

A BANK WITH GERMAN CAPITAL BEING FOUNDED IN ARMENIA

Noyan Tapan
Jul 03 2007

YEREVAN, JULY 3, NOYAN TAPAN. The CBA Board on July 3 preliminarily
approved the bank activity licensing of the ProKredit Bank CJSC
in Armenia.

According to the report provided to Noyan Tapan by the CBA Press
Service, the ProKredit Bank CJSC’s three founders, the ProKredit
Holding AG and the Development Bank (KfW-Kreditenschaft fur
Wiederaufbau), as well as the European Bank for Reconstruction and
Development (EBRD) have applied to the Central Bank of Armenia with
the mediation to found ProKredit Bank CJSC.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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