PROCESS OF CONSOLIDATION OF ARMENIAN BANKS INEVITABLE

/PanARMENIAN.Net/
12.11.2009 20:42 GMT+04:00

/PanARMENIAN.Net/ Process of consolidation of Armenian banks
inevitable, Chairman of the Board of Directors of Ameriabank and the
Board of Directors of Troika Dialog Ruben Vardanyan told journalists
in Yerevan. The process of bank agglomeration is inevitable, he said.

According to him the process of consolidation of banks will take place
in Armenia. That process is objective and aimed at internationalization
of Armenia’s banks. "Armenia’s banking system gradually becomes
international in terms of ownership, " Ruben Vardanyan said.

However, he mentioned, that there has not been any agreement yet
between Ameriabank and other bank in Armenia.