RA PRIME MINISTER TIGRAN SARGSYAN ATTENDED TODAY THE OPENING CEREMONY FOR THE NEW BUILDING OF ARMAVIABANK

Thursday, 17 September 2009

Speaking about the Bank’s activities, Tigran Sargsyan indicated that
Armaviabank is a dynamically developing entity. He expressed hope
that it will help promote competition in the banking sector.

Concerning the challenges faced by the banking sector, the head of
the Armenian government said that domestic banks should be directed
to sharply increase the level of lending at home.

He similarly noted that the new building will help attract new
customers and expand the scope of services. Appreciative of the Bank’s
mission, Tigran Sargsyan said in particular: "Armaviabank came up
with interesting proposals some of which have already been accepted
by the Central bank, such as the building of an investment-friendly
legal framework for commercial banks. The development of securities
market has been central to the policy of economic reform. Here,
I would like to mention the involvement of OMX-Nasdaq in our country."

In conclusion, the Prime Minister wished the Bank a strong boost in
activities thanks to the new working conditions.

The opening ceremony was attended by NKR Prime Minister Ara Harutunyan.