Thu, 12 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

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

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img