YEREVAN, January 30. /ARKA/. The standoff between Ameriabank and Hayastan trading center in Yerevan is not in a deadlock and will be resolved, Tigran Jrbashian, Ameriabank development director, said to a news conference today.

A building that houses the shopping center became the property of Ameriabank after the company running it failed to pay an outstanding loan debt.

"The bank provided the center with a loan that was not timely served. The Bank operates within the law, and I think the problem will be solved", Jrbashian said, but refused to disclose the loan amount.

"As a member of the bank’s Directorate, I can say that we do not see this as a serious problem. The situation is not deadlocked," he said.

Earlier the bank disseminated a duplicate of the certificate of property rights, which says that this building became the property Ameriabank on December 16, 2011 Ameriabank sent a month notice to Hayastan company asking it to free the building in a month, but that was not done.

Ameriabank is a universal bank that provides investment, corporate and retail banking services in an integrated package of banking solutions. It is fully owned by Troika Dialog, one of the largest private investment companies in Russia. -0-