Panorama.am

15:46 06/05/2008

MBRD RUNS BANK IN ARMENIA

Moscow Bank for Reconstruction and Development
affirmed the project of running a bank in Armenia.
According to the MBRD managing director Sergey Zaycev,
in 2008 MBRD will dispose 570 million dollars to buy
banks.

`The sum is enough to run several projects in Russian
and CIS countries. And we are intended to start
activities in Belarus, Uzbekistan, Armenia where
`Systema’ AFK companies’ group positions are quite
stable,’ he said.

MBRD main stock holder is `Systema’ AFK which is in
the list of 50 world famous bank net.

Source: Panorama.am