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Pan-armenian bank implemented no investment program yet

14.04.2011 19:36

Pan-armenian bank implemented no investment program yet

YEREVAN, April 14. / ARKA /. A deputy governor of the Central Bank of Armenia said today the Pan-Armenian Bank did not implement an investment program in the country yet as the National Assembly was considering in the first reading a set of amendments to the Law on Pan-Armenian Bank, designed to address all issues concerning the composition of its Board and the possibility of issuing bonds to attract additional investment resources.

Speaking at the parliament Nerses Yeritsian said the Pan-Armenian Bank had no concrete investment projects yet, adding that a good basis to develop the bank was built.

He said the Pan-Armenian Bank was considering part of investments projects which are on the agenda of the National Competitiveness Fund and was looking also to identify most competitive projects in various sectors of the economy.

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