Armeriabank to announce merger deal in early 2012October 20, 2011 - 18:31 AMT PanARMENIAN.Net - Ameriabank CJSC continues talks on the second merger deal with one of Armenian banks, with the results to be announced in early 2012, according to Ameriabank development director. As Tigran Jrbashyan told Oct 20 news conference in Yerevan, no further details will be revealed to prevent any deal-related complications. In 2010, Ameriabank CJSC – Cascade Bank merger took place. “Consolidation of commercial banks in Armenia will promote effectiveness of the country’s banking sector,” Jrbashyan noted, forecasting activation of the process in near future. 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 | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. |