ARMENIAN CB BOARD APPROVES AMENDMENTS TO NORMATIVE DOCUMENTS

ARKA
June 3, 2009

YEREVAN, June 3. /ARKA/. At its sitting presided by CBA Chairman Artur
Javadyan, the Board of the Central Bank of Armenia (CBA) approved
Regulation #8/20 "Calculation of annual interests on bank deposits".

The CBA Board also approved Regulation #8/30 "Publication of
information by banks, credit institutions, insurance companies,
insurance brokers, investment companies, Central Depository, and money
transfer organizations". The CBA Board approved Regulation #3/10
"Minimum requirements to supervisory system of insurance company"
as well as the CBA program of commemorative coins for 2010-2011.

The CBA amended Regulation #3 "Banks’ reports, presentation and
publication", Regulation #15 "Reports of insurance companies,
presentation and publication".

The CBA Board also amended Regulation #3/09 "Classification of assets
of insurance companies, formation and use of possible loss reserve"
and Regulation #3/04 "Forms of reports of insurance companies and
information contained in reports".