November 12, 2009 - 20:42 AMT
Process of consolidation of Armenian banks inevitable
Process of consolidation of Armenian banks inevitable, Chairman of the Board of Directors of Ameriabank and the Board of Directors of Troika Dialog Ruben Vardanyan told journalists in Yerevan. The process of bank agglomeration is inevitable, he said.

According to him the process of consolidation of banks will take place in Armenia. That process is objective and aimed at internationalization of Armenia's banks. "Armenia's banking system gradually becomes international in terms of ownership, " Ruben Vardanyan said.

However, he mentioned, that there has not been any agreement yet between Ameriabank and other bank in Armenia.