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.