Chairman of RA CBA to visit Frankfurt on September 20-24 and Sarayevo
on September 25-27
2008-09-19 19:21:00
ArmInfo. Chairman of the Central Bank of Armenia Artur Javadyan will
participate in the session of the Supervisory Council of the
German-Armenian Fund (GAF) in Frankfurt on September 20-24. The CBA
press-service told ArmInfo that the session will cover issues related
to three credit programs: on financing micro-, small and medium-sized
entrepreneurship, on development of steady housing finance market, on
development of renewable power engineering. These programs are
implemented through GAF. During his stay in Frankfurt Javadyan will
also meet representatives of the European Central Bank.
According to the source, on September 25 Javadyan will pay a working
visit to Sarayevo to participate in the 20th session of the Club of
Heads of Central Banks of Balkan, Middle Asian and Black Sea countries
ob Sep 27. This session will cover the topics: `Consumers, transparency
and unsteady of financial sector’, `Liberalization of capital: tasks
and challenges’, `Financial stability reports: how to resist new
challenges’.
To note, 10 commercial banks and 2 universal credit organizations
participate in the specified programs financed by the German KfW Bank.
In particular, Armeconombank and Anelik Bank are involved in the
program on development of renewable power engineering; Armeconombank,
ARARATBANK,=2
0Cascade Bank, INECOBANK, Areximbank, Byblos Bank Armenia
(former ITB), Anelik Bank, ArmBusinessBank, Ardshininvestbank, UCO
First Mortgage Company and UCO Washington Capital are involved in the
program on development of steady housing finance market, and finally
ACBA-Credit Agricole Bank, Armeconombank, Anelik Bank, Converse Bank
and INECOBANK are involved in the program on financing micro-, small
and medium-sized entrepreneurship.