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Postal Bank System In Armenia

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  • Postal Bank System In Armenia

    POSTAL BANK SYSTEM IN ARMENIA

    Panorama.am
    23:28 13/11/2007

    Today Tigran Sargsyan announced that a postal bank system is planned
    to be created, for that reason in "Arm Post" there will be serious
    changes. According to him this part of changes is the most difficult
    one, but for the customers it will not be noticeable. Mr. Sargsyan
    said that now a group of foreign specialists is working on the project
    to prepare the structural project. In order to create "Post Bank"
    they must find out weather commercial banks are ready to supervise
    the process and at the same time act as ACB agent.

    Some problems of "Post Bank" were discussed with Nout Wellink, the
    president of the Netherlands Bank. He said that "Arm Post" still
    has problems with controlling part, but we are ready to exchange out
    experience with our Armenian colleagues. But he also mentioned that
    the idea, the creation of "Post Bank" is the proof to the thing that
    Armenia goes straight to the development.

    In 2006 "Arm Post" CJSC was transferred to "Arm Post Trust" for five
    years term, and in the contract there is a point to create "Post Bank".
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