THE BANKING SYSTEM IS AS RELIABLE AS IT WAS BEFORE THE CRISES

Aysor
April 2 2010
Armenia

"I welcome the unification of the "Ameriabank" and "Cascadebank". It
was a correct decision taken by both banks of which will first of
all benefit the clients of both banks," Ararat Ghukasyan, Chairman
of the Union of Armenian Banks (UAB) said today on the meeting.

He made a call of calmness to the investors of the "Cascade bank"
assuring that the unification of two banks will not reflect negatively
on their interests, just on the contrary.