YEREVAN, AUGUST 29, NOYAN TAPAN. The intention of
CreditBank (Lebanon) to operate in Armenia is welcome and fully
consistent with the Armenian government's policy of developing
the Armenian financial market. The RA prime minister Serge
Sargsian stated this on August 29 when receiving the chairman of
the bank's board of directors Tarek Khalifian and the delegation
headed by him. According to the prime minister, the bank's
experience may prove quite useful for Armenia, taking into
account the fact that Lebanon has always been considered as a
financial center and it has made serious progress in development
of the financial market.
Expressing gratitude for the willingness to cooperate, T.
Khalifian noted that the meetings and discussions with partners
of the Central Bank of Armenia and a number of banks have
strengthened CreditBank's intention to operate in Armenia. In
his opinion, there are serious prospects and a favorable
environment for development in Armenia, and the bank will be
glad to make its contribution to development of the Armenian
economy. He attached importance to cooperation with the Armenian
government in some investment programs which include
agriculture, infrastructures and industry.
According to the RA Government Information and PR
Department, the two sides underlined the important role of the
Lebanese Armenian community in terms of attracting Lebanese
capital to the Armenian market.