YEREVAN, NOVEMBER 3, NOYAN TAPAN. Opportunities of cooperation with the Interstate Bank and the Eurasian Development Bank were discussed at the November 3 meeting of RA President Robert Kocharian with Chairman of the Central Bank of Russia Sergei Ignatyev, Chairman of Kazakhstan's National Bank Anvar Saydenov, Chairman of the Interstate Bank Anatoli Turkadze, Secretary-General of EurasEC Grigori Rapota and Chairman of the Eurasian Development Bank Igor Finogeniov. The interlocutors attached special importance to close cooperation of the two structures with the use of each other's resources and programs. According to a press release of the RA President's press service, the guests arrived in Armenia to participate in a regular sitting of the Interstate Bank Board. Armenia currently presides over the Interstate Bank Board. Assesing the cooperation with the Interstate Bank as efficient, Robert Kocharian said that serious programs of reforms in the country's energy sector have been implemented with the active participation of this bank. He said that Armenia has a small but vital and healthy banking system. He pointed out the necessity for extension of the banking system and the financial sector in it. In his words, the recent years' reforms allow to carry out work aimed at developing insurance, mortgage and pension services.

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