ARMENIA TO BECOME REGIONAL FINANCIAL CENTRE: T. SARGSYAN

News from Armenia – NEWS.am
18:33 / 12/14/2009

Armenia is obviously in advantageous position in banking sector
compared to other CIS countries, RA Premier Tigran Sargsyan stated,
December 14, outlining this factor should be taken into account in
overcoming a global economic crisis in the country.

According to Sargsyan, even under the crisis he does not give up hope,
that Armenia will become a regional financial center. Such ambitious
plans are based on tangible ground.

To substantiate his words, Sargsyan pointed out the fact that RA
Government and Central Bank of Armenia did not provide any financial
assistance to commercial banks unlike all CIS countries. Moreover,
Armenia has never had problems with investors. "Our citizens could
freely enjoy their rights, to make and get deposits, convert to
foreign currency. Armenia was an exception among other CIS states,"
Sargsyan noted.