AMERIABANK TO INTRODUCE SYSTEM FOR DETERRING, PREVENTING AND ELIMINATING ECOLOGICAL RISKS

ARKA
October 13, 2009
Yerevan

YEREVAN, October 13, /ARKA/. Levon Arevshatian, Corporate Customers
Director of Armenian commercial AmeriaBank, said the bank plans to
introduce a system designed for deterring, preventing and eliminating
ecological risks.

He said international lending organizations demand that nature
protection standards be observed during implementation of credit
projects. He said the bank will recruit an expert on management of
ecological risks. He said the move will be unprecedented in Armenian
banking sector.

According to him, the expert will be participating in the process after
a decision on a credit program is made to watch that all international
ecological standards and norms are observed.

AmeriaBank is a corporate bank with integrated investment-banking and
a limited number of retail banking services. In August 2007 96% of
the bank was obtained by TDA Holdings Limited, an investment company
affiliated with the leading and largest Russian investment group
company – Troika Dialog. In 2007-2008 TDA Holdings Limited increased
its equity participation up to 99.99%. AmeriaBank chairman of board
of directors is Ruben Vardanian. ($1 – 385.87 Drams).

From: Emil Lazarian | Ararat NewsPress