Fri, 31 October
12.1 C
Yerevan
USD: 382.72 RUB: 4.75 EUR: 444.15 GEL: 141.18 GBP: 504.23

Italian banker impressed by Armenian banking legislation

YEREVAN, December 19. /ARKA/. Antonio Fallico, president of Conoscere Eurasia Association and chairman of the board of Italy’s Banca Intesa, praised the banking legislation of Armenia.

“When I visited Armenia for the first time, I was greatly impressed by the legal framework it developed for Armenian banks, which in my opinion is the best in the region”, – Fallico said to Novosti-Armenia news agency.

“I should say that it did not take us long to establish very good relationships with Armenian banks. I would say it occurred kind of instinctively, may be due to the history, traditions, for example, I can mention the Armenian community in Venice, – he said.

He added that Armenia, despite its small size, is a strategically important country for the region.

“Geopolitically, Armenia is a very important country. In terms of investment climate it has created favorable conditions. I think that Armenia can become a very important country, not only for the West but for the whole of the Eurasian Economic Union, particularly in terms of the processes that may occur in the coming 2-3 years in the Middle East “, – said Fallico.

He also reminded that Armenia has a common border with Iran, with which it has a close relationship. In addition, he said, the country has a lot of Italian companies.

“I want to draw attention to the great contribution made by Armenia to the development of digital technology,” – said Fallico. — 0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img