  CBA gives positive assessment to banks' mergerApril 4, 2009 - 17:08 AMT PanARMENIAN.Net - In financial crisis circumstances, when rules of game become tougher and only the strongest survive, Armenian Banking System will probably see the merger of some banks, CBA Chairman Arthur Javadyan believes. ''A merger of some banks will probably take place in near future. I consider it a positive process, which will enable banks to jointly struggle against crisis,'' Javadyan said, giving positive assessment to banks' merger.There are 22 banks functioning in Armenia. According to CBA Chairman supposition, 4 of them will be subjected to merger.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
