RIA OREANDA, Russia
Oct 31 2008

Tigran Sargsyan Received Delegation of Gazprombank Representatives

Yerevan. "OREANDA-NEWS . October 31, 2008. RA Prime Minister Tigran
Sargsyan received a delegation of Gazprombank representatives, led by
Executive Vice-President Alexander Kaznacheyev, as well as Karen
Karapetyan, Chairman of Board, and Armen Khandkaryan, Director General
of Areximbank with the latter being a full member and a 100%
subsidiary of Gazprombank Group.

On the 10th anniversary of Areximbank, the Prime Minister
congratulated the representatives of the Bank and wished them every
success and a speedy implementation of all those ambitious programs
designed jointly with its chief stakeholder Gazprombank. During the
meeting, Tigran Sargsyan was briefed on Areximbank’s future plans and
the prospects for development of the cooperation with Gazprombank.

The head of the Armenian government suggested investing into small and
medium-size businesses as he considers this sector to be a promising
one. He further noted that if Gazprombank is to secure leading
positions within Armenia’s competitive environment, it should be quick
in taking decisions and using the opportunities available considering
that despite its small size as compared to Russia, Armenia’s financial
sector is very strong and stable.

Speaking about the current global trends which compel everybody to
place funds in possibly stable environments, the Prime Minister said
that Armenia is just one to be invested in with confidence.