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Gazprombank Mulls Opening Or Buying Bank In Armenia

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  • Gazprombank Mulls Opening Or Buying Bank In Armenia

    GAZPROMBANK MULLS OPENING OR BUYING BANK IN ARMENIA

    Prime-Tass English-language Business Newswire
    August 2, 2007 Thursday 3:52 PM EET

    Russia's Gazprombank is considering opening a representative office
    or buying a bank in Armenia, a banking source told Prime-Tass Thursday.

    Gazprombank has stopped negotiations to buy a bank in Ukraine, the
    source said.

    The bank's Deputy CEO Alexander Sobol said in February that Gazprombank
    was considering acquiring a bank in Ukraine.

    At present, Gazprombank has a stake in Belarus' Belgazprombank and
    owns a representative office in Beijing.

    Gazprombank is the banking arm of Russia's natural gas monopoly
    Gazprom.
    From: Baghdasarian
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