May 21, 2012 - 13:05 AMT
Panarmenian Bank issues open letter on its objectives

Panarmenian Bank issued an open letter, presenting its history and challenges in response to numerous comments on its operation.

Panarmenian Bank was established in 2011. It promotes activity of an investment bank, aiming to attract long-term funds from international financial institutions and private sources. Its objective is to ensure development and financing of investment programs. On February 15, the bank became NASDAQ OMX Armenia member.

The bank’s operation is coordinated by RA Law on Panarmenian Bank, particularly financing of the private sector.

According to the bank’s press service, all those interested in the financial institution’s activity are welcome to get relevant information from Panarmenian Bank experts.