Artur Javadyan: All Armenian Bank expected to be operating in the beginning of next yearOctober 19, 2010 - 18:06 AMT PanARMENIAN.Net - All Armenian Bank will sponsor all-Armenian programs, according to the President of the Central Bank of Armenia (CBA) Artur Javadyan. CBA President invited Diaspora financiers and businessmen to contribute to the bank’s formation. “Preliminary authorized capital of the bank is set at USD 100 million, with Armenia having invested USD 20 million. With time, the bank’s capital will be fully consisting of that invested by private companies. Negotiations on the issue are currently in progress,” Javadyan said. As CBA President reported, the president of All Armenian Bank will be appointed within the next few days, with the business plan to be developed by international experts. The bank’s activities will aim at development of tourism, healthcare, financial and educational sectors. All Armenian Bank is expected to be operating in the beginning of next year. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |