X
    Categories: News

AMERIABANK Intends To Acquire One Of Operating Commercial Banks Of A

AMERIABANK INTENDS TO ACQUIRE ONE OF OPERATING COMMERCIAL BANKS OF ARMENIA

ArmInfo
2008-10-16 16:24:00

ArmInfo. AMERIABANK intends to acquire one of the operating commercial
banks of Armenia, Director of the Department for Development Tigran
Jrbashyan told journalists, Thursday. According to him, at the moment
variants of the most profitable acquisition are being considered. The
format in which the acquired bank will operate has not been determined
yet, he noted. "We are considering both the variant of entire
merger and the bank’s activity within the frames of our structure",
Jrbashyan said. He added that AMERIABANK plans to conduct aggressive
policy in the market, i.e. it may acquire other commercial banks as
well. To recall, there are currently 22 commercial banks in operation
in Armenia.

Speaking of the prospects for expansion of the bank’s branch network,
Jrbashyan noted that a branch will shortly be opened in the capital
of Nagorno-Karabakh, Stepanakert, and 2 more branches in Armenia in
late 2008 early 2009.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
Related Post