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Armenian President and PM received the leadership of `Gazprombank'

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  • Armenian President and PM received the leadership of `Gazprombank'

    The Financial, Georgia
    Jan 26 2008


    Armenian President and PM received the leadership of `Gazprombank'

    26/01/2008 12:30 (11:09 minutes ago)

    The FINANCIAL -- According to Banks.AM, Armenian President and Prime
    Minister received in Yerevan on January 25 the Chairman of the Board
    of `Gazprombank' Andrey Akimov and his Deputy Farid Kantserov.

    Mediamax notes that in December of 2007 `Gazprombank' purchased 80%
    of shares of the Armenian `Areximbank'.

    As Mediamax was told in the presidential press service, Robert
    Kocharian notes that `Gazprom' realizes large-scale programs in the
    sphere of Armenian energy, and the arrival of `Gazprombank' will
    allow hoping to attract its resource and opportunities.

    According to the President, in Armenia the bank will face serious
    competition, since the banking system of the country develops with
    high speeds, and last year five foreign banks opened their branches
    in Armenia.

    Robert Kocharian noted that, being quite liberal, the banking
    legislation of Armenia at the same time provides for serious control
    over the activities of the banks.

    Andrey Akimov noted that in Armenia the bank does not expect
    momentary results, it intends to carry out serious work, has
    far-reaching plans and long-term projects. Chairman of the Board of
    the bank assured Robert Kocharian that `Gazprombank' will become a
    `serious, reliable and reasonable partner' for Armenia.

    The delegation of `Gazprombank' was also received today by the
    Armenian Prime Minister Serzh Sarkisian. He noted that the
    cooperation with large and authority financial structures is one of
    the priority direction of the economic policy of the Armenian
    government.
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