THE DEVELOPMENT PROGRAMME OF FINANCE SECTOR OF ARMENIA USAID IN FIVE COMMERCE BANKS IMPLEMENTS THE PROJECT ON RISK-MANAGEMENT IMPROVEMENT

2008-02-06 13:10:00

ArmInfo. A project on improvement of risk-management within the
frames of development of the finance sector of Armenia USAID in the
five commerce banks of Armenia. As the leader of the project group
Tigran Davtyan told ArmInfo correspondent, showing of them technical
aid means to investigate of the current state of risk-management and
to give specific recommendations for its improvement and drawing out
of the management procedures.

‘Improvement of the risk-management does not only concern the problem
of the commerce bank transition to Bazel II but also touch on the
principles of corporative management;, – Davtyan said. At the same
time the Programme will assist several banks to create new finance
instruments, to attract foreign investors and long-term finance
resources as well as to improve giving services on financing of the
trade operations.

To note, the project on improvement of the risk-management USAID is
being implemented together with Armbusinessbank, Armenian Development
Bank, Areximbank, Armimpexbank and ARARATBANK.