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Association of Russian Banks chairman commends Armenia’s Central Bank for development of sector

26.10.2012 17:57

Association of Russian Banks chairman commends Armenia’s Central Bank for development of sector

YEREVAN, October 26. / ARKA /. Garegin Tosunyan, the chairman of the Association of Russian Banks, praised today the Central Bank of Armenia for ‘making a huge leap forward in the development of the banking system,’ as he spoke at an international conference in Yerevan on remittances across the former Soviet Union, their prospects, new trends and technologies.

"I wish to commend the Central Bank of Armenia for the contributions it made ​​to the development of the  banking system over the past two decades. On many occasions I was very pleased to hear the leadership of the Central Bank of the Russian Federation to cite  the example of the Armenian Central Bank in the context of progressive development of the market, " he said.

Tosunyan also praised the government in Yerevan for its contribution to development of the banking sector, advanced technology and electronic payments.

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