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Yerevan welcomes the arrival of German bank “Baader” to the local financial market

29.08.2011 12:53

Yerevan welcomes the arrival of German bank “Baader” to the local financial market

YEREVAN, August 29. /ARKA/. During the meeting with the Chairman of the Board of Directors of the German investment bank “Baader” (Baader Bank AG) Uto Baader, Armenian Prime Minister Tigran Sargsyan welcomed the arrival of the Bank to the Armenian financial market.

“We are trying to support cooperation between Armenian and foreign financial institutes and hope that Your visit will promote strengthening of the relations between financial systems of Germany and Armenia. We also try to help our commercial banks to establish direct links for the search of reliable partners abroad. The functions implemented in our financial market are very important. We have a small but steady and healthy financial system and we would be happy to see you in our financial market”, said Sargsyan.

Baader thanking Sargsyan for the reception told about the impressions of his first visit to Armenia. He presented the work of the bank saying that it is mainly directed at financing of the development of infrastructure programs.

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