RUSSIAN "GAZPROMBANK" EXAMINES THE INVESTMENT PROPOSALS FROM ARMENIA

Mediamax
Banks.am, Armenia
September 12 2007
Yerevan

Russian "GazpromBank" considers the possibility of entering the
Armenian market in the nearest future, Deputy Chairwoman of the Bank
Olga Kazanskaya stated in Yerevan today.

Mediamax reports that, ""GazpromBank" received a few investment
proposals from Armenia, which are in the process of consideration
at present".

Olga Kazanskaya refrained from saying exactly which Armenian banks
made those investment proposals, noting that "money likes silence".