ARMENIAN BANKERS BACK IDEA OF TRASNFORMING ARMENIA INTO FINANCIAL CENTRE
ARKA
May 26, 2008
YEREVAN, May 26. /ARKA/. Armenian bankers totally agree with the
president’s idea of transforming Armenia into a financial centre.
President Serge Sargsyan, Prime Minister Tigran Sargsyan, Central Bank
managers and key players in the financial and economic system were
attending the conference to discuss the ways of achieving this goal,
as well as Armenia’s advantages in the sphere.
Ardshininvestbank CEO Aram Andreasyan said it will take much time and
effort to achieve this goal. "Adopting the practice of other countries
currently viewed as financial centres will strongly stimulate Armenia’s
economy in general," Andreasyan said.
CEO of the Conversebank closed joint-stock company Ararat Ghoukassyan
said four of the 35 financial centres existing in the world are
global and one is a specialized one. Armenia is planning to become
a specialized financial centre.
He also said the premier’s idea to create a Global Development Bank
is quite interesting. "The financial system of Armenia should expand
its functions since our practice is not quite enough to provide modern
investment and banking services," Ghoukassyan said expressing optimism
that Armenia will succeed in achieving this.
Executive director of Biblos Bank Armenia Vahagn Amirganyan closed
joint-stock company said formation of a financial centre should follow
the formation of a business environment. "To raise the attractiveness
of the country’s business environment we need to handle a number of
problems, namely, to apply international accounting standards, so
that they are easily understood by foreign investors. " he said.