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    Emil Lazarian
  • 15 years ago
    • Categories: News

Armenia: All-Armenian Bank to be set up

Regnum, Russia
Feb 27 2009

Armenia: All-Armenian Bank to be set up

The international commercial All-Armenian Bank will start operating in
2009. It will specialise in financing of projects of the Armenian
Diaspora. The bank’s charter capital will reach US$ 100mn (EUR
74.52mn), and US$ 65.5mn of them will be granted by the government of
Armenia. The institution will be a public limited company, and the
Central Bank will be one of its shareholders. The board of
All-Armenian Bank will consist of 11 people: the prime-minister of
Armenia, minister of finance, economy, president of the Central Bank
and other representatives of business circles and banks. The
competitiveness council of the government of Armenia will control the
bank’s activity.

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
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