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Ameriabank plans to expand onto international market

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  • Ameriabank plans to expand onto international market

    Ameriabank plans to expand onto international market


    April 10, 2010 - 13:07 AMT 08:07 GMT

    PanARMENIAN.Net -

    Ameriabank CJSC is resolute to gain competitive strength at the
    international market.

    `The bank needs to be competitive in all criteria; not only in Armenia
    but also at the international level,' Ameriabank Board Chairman Ruben
    Vardanyan stated on April 10, after concluding the deal on purchasing
    the whole stock of Cascade Bank CJSC.

    According to him, risk management needs to be developed to achieve the
    goals set as well as bank personnel's professional level should be
    raised, product line expanded, IT innovation solutions developed and
    used, international cooperation deepened.

    Ameria CJSC Managing Director Andrey Lazarian added that no
    interventions to international markets are planned in the coming two
    years `but they are not excluded.' `The bank is considering
    possibility to enter Georgian, Turkish and Russian markets, as a
    long-term outlook,' he said.
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