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Consolidation of Armenian banks unavoidable – Ruben Vardanyan

10.10.2014 12:40

Consolidation of Armenian banks unavoidable – Ruben Vardanyan

YEREVAN, October 10. /ARKA/. Consolidation of Armenia’s banks is unavoidable, member of Ameriabank CJSC Managerial Board Ruben Vardanyan told reporters in Yerevan on Thursday.

Twenty-one banks in a country - it is too many, Vardanyan told ARKA.

Amalgamation of banking institutions is needed to ensure efficiency and compliance with international standards, including that in terms of lending capacities, he said.

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Tags: Armenian bank, Consolidation, VARDANYAN

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