THE SITUATION STABLE

Hayots Ashkhar Daily
30 Oct 08
Armenia

According to the President of the Central Bank Arthur Javadyan:
"At the moment negotiations are in process with three banks aimed
at involving credit sums. We have agreement with the International
Financial Corporation and the World Bank.

Large – scale credit lines will be allocated to Armenia during the
coming year, which over again proves that the situation in Armenia’s
banking system is very stable."