CBA’S CHAIRMAN: ARMENIAN BANKING SYSTEM TO ALWAYS FOCUS ON FUTURE

ARKA
Nov 24, 2008

YEREVAN, November 24. /ARKA/. Armenian banking system will always
focus on the future, the Chairman of the Central Bank of Armenia
(CBA) Artur Javadyan said at the official reception on the Banking
Employee Day and the 15th anniversary of the Armenian Dram Saturday.

The country’s banking system has undergone trials since the
independence was declared, and today it is prepared to meet any
challenges, he said.

According to Javadyan, owing to it year-to-year achievements,
introduction of advanced technologies, activities that are in harmony
with the international practice, the banking system gained clients’
confidence.

"Today we have a national currency – Armenian Dram – taking resolute
steps, an accomplished banking system that is a leader in the region,
growing financial intermediation and expanded involvement of the
population in banking services’ sector," Javadyan said. Mutual
understanding and respect and cooperation are the factors guaranteeing
the confidence, he said.

Armenian banking system will always keep focus on the future and
will be always offering new services and will support the society to
achieve prosperity and sustainable growth, Javadyan said.

Armenian Dram was officially introduced as the national currency of
Armenia on November 22 1993.