Wed, 3 September
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Pan-Armenian bank may be reorganized into Pan-Armenian fund

YEREVAN, May 25. /ARKA/. The Pan-Armenian Bank may be reorganized into Pan-Armenian Fund, head of the Central Bank’s Financial Stability and Development Department Andranik Grigoryan told journalists on Wednesday.

“The Central Bank is considering various options, and the most relevant one is reorganizing it into the Pan-Armenian Fund, which will allow investors to invest more flexibly and promptly,” Grigoryan said.
He noted that the Pan -Armenian Bank implemented a number of successful projects in the processing industry and tourism.

“In the modern financial sphere, the flexibility of financial structures, the speed and availability of favorable conditions for investors are of particular importance,” Grigoryan said.

The head of the Central Bank Artur Javadyan repeatedly stated about the regulator’s intention to withdraw from the capital of all subsidiaries, including the Pan-Armenian Bank. Moreover, he repeatedly stated that the Pan-Armenian Bank was negotiating with serious investors.

The Pan-Armenian Bank is a development bank, owned exclusively by the Central Bank. Its authorized capital is 7.5 billion dams. ($ 1 – 482.89 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Armenia should develop technologically: Eqwefy CEO on economic challenges and new opportunities

The investment environment in Armenia continued to develop over the past year, despite global economic challenges.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

LATEST NEWS

spot_imgspot_imgspot_img