CIS INTERSTATE BANK COUNCIL REELECTS ARMENIAN CB PRESIDENT AS ITS CHAIRMAN

Yerevan, April 28. ArmInfo. Apr 25 the Council of the Inter-State
Bank, set up by the CIS countries, reelected the President of the
Armenian CB Tigran Sargsyan as its Chairman, reports the CB press
service.

The Inter-State Bank was set up in 1996 is an international
credit-financial organization which carries out payment transactions
and develops investment-credit activities in the CIS. The founders are
the central and national banks of Russia, Belarus, Ukraine,
Tajikistan, Turkmenistan, Uzbekistan, Armenia, Kyrgyzstan, Kazakhstan
and Moldova. The Armenian office was opened Aug 1 1997. The
headquarters are in Moscow.