CASCADE BANK IS NOT PLANNING TO MERGE WITH AMERIABANK
ArmInfo
2009-05-09 00:06:00
ArmInfo. Cascade Bank is not planning to merge with
Ameriabank. Director General of Cascade Bank Aharon Levonyan has
told ArmInfo that, as any modern healthy organization, Cascade bank
is planning strategic scenarios but not obligatorily mergers and
acquisitions. Presently, the bank is revising its budget and strategic
develop program, Cascade Bank regards the crisis as an opportunity to
start new projects. The bank has ambitious and aggressive development
plans, says Levonyan.
The 100% owner of Cascade Bank is Cascade Capital Holdings, comprising
Cascade Credit, Cascade Investments, Cascade Consultants and Cascade
Insurance.
From: Emil Lazarian | Ararat NewsPress