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CBA HEAD: ARMENIAN BANKS MUST OFFER INSTRUMENTS REDUCING RISKS AND CONTRIBUTING TO SEARCH OF NEW PARTNERS
ARKA News Agency, Armenia
March 28 2006
YEREVAN, March 28. /ARKA/. Armenian banks must offer instruments,
which will reduce risks and at the same time create possibilities of
finding new partners in foreign countries for exporters and importers,
as the Chairman of the CBA Tigran Sargsyan stated during the first
international bank conference on issues of financing foreign trade,
which has opened in Yerevan today.
"It is necessary to reduce risks and enlarge cooperation possibilities
for exporters and importers with the help of new instruments,
which will also increase the effectiveness of the economy system",
Sargsyan stated.
He reminded that the EBRD implements an existing program in this
direction in Armenia.
In his words, this enables Armenian banks, which are still unknown
abroad and don't have investment rating given by well-known
international structures, to offer such services.
"Entree of Armenian banks into international field and establishment of
direct relations with advanced banks by means of getting investment
rating is an important factor for the success of this process",
Sargsyan stated.
"It is natural that formation of such relations will create most
favorable conditions for offering new instrument sin this sphere",
Sargsyan added.
ARKA News Agency, Armenia
March 28 2006
YEREVAN, March 28. /ARKA/. Armenian banks must offer instruments,
which will reduce risks and at the same time create possibilities of
finding new partners in foreign countries for exporters and importers,
as the Chairman of the CBA Tigran Sargsyan stated during the first
international bank conference on issues of financing foreign trade,
which has opened in Yerevan today.
"It is necessary to reduce risks and enlarge cooperation possibilities
for exporters and importers with the help of new instruments,
which will also increase the effectiveness of the economy system",
Sargsyan stated.
He reminded that the EBRD implements an existing program in this
direction in Armenia.
In his words, this enables Armenian banks, which are still unknown
abroad and don't have investment rating given by well-known
international structures, to offer such services.
"Entree of Armenian banks into international field and establishment of
direct relations with advanced banks by means of getting investment
rating is an important factor for the success of this process",
Sargsyan stated.
"It is natural that formation of such relations will create most
favorable conditions for offering new instrument sin this sphere",
Sargsyan added.