Russia’s Sberbank has no intention to enter Armenian market

Banks

YEREVAN, October 17. /ARKA/. Russia’s Sberbank (Savings Bank) has no intention so far to enter Armenian market, German Gref, chairman of the bank’s executive board, told ARKA News Agency.

He also voiced his opinion about the Armenian banking sector’s stability.

“I am not an expert in Armenia’s banking system, but I know that you have a very advanced central bank a well-regulated market,” he said. –0—-

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