SKRIN Market & Corporate News
April 4, 2008 Friday 4:44 PM GMT

Deposit Insurance Agency and Armenian Deposit Guarantee Fund sign MOU

State Corporation "Deposit Insurance Agency" (DIA) and Armenian
Deposit Guarantee Fund signed Memorandum of Understanding and
Cooperation (MOU) in Feb. The parties confirmed their intent to
further develop bilateral cooperation and interaction on issues of
enhancement deposit insurance systems in their respective countries
on the basis of exchanging experience and information about banking
system operations in the Russian Federation and republic of Armenia.

The MOU stipulates possibility of establishing joint working groups,
as well as conducting seminars and consultations on issues of mutual
interest. Previously similar MOU were executed with Polish Deposit
Guarantee Fund and Deposit Insurance Fund of Bulgaria, DIA said.