HEALTH-IMPROVEMENT MEASURES OF CENTRAL BANK REGARDING BTA TO POSITIVELY AFFECT ARMENIAN SUBSIDIARY OF THE BANK

ArmInfo
2009-05-25 16:51:00

ArmInfo. The health-improvement measures of Central Bank of Kazakhstan
regarding the BTA bank will positively affect its Armenian subsidiary,
which will continue fulfillment of its programmes in Armenia, Armenian
Prime Minister Tigran Sarkisyan told ArmInfo correspondent. He also
added Central Bank of Kazakhstan implemented quite serious actions
for restoration of the BTA bank and cleaning its balance. He also
said that they managed to stabilize the state of the bank thanks to
serious state interference. Today the government of Kazakhstan is
negotiating with Russian Savings Bank to enter the capital of the BTA
bank. ‘The health-improvement process of the bank will possibly end
in September. After that the results of the talks with the Savings
Bank in the matter of the BTA bank sale will become clear.

If the deal with Savings Bank will take place in future, this will
mean that the biggest bank of Russia will find itself in Armenia’,
– Tigran Sarkisyan said.