YEREVAN, August 14. /ARKA/. The Yerevan-based Pan-Armenian Bank has been transformed into an investment fund, the press service of the Armenian Central Bank reported today.

‘To ensure the efficiency and flexibility of the tasks of the Pan-Armenian Bank, the Central Bank initiated a process of reorganization, as a result of which the bank is transformed into an investment fund," the regulator said, adding that the process of transformation is logically and legally completed.

The Pan-Armenian Investment Fund already operates; it has a specialized manager, whose powers, as well as those of the shareholder, are exercised by the authorized body of the Armenian government.
Currently, the government and the Central Bank are discussing the legal and technical details of the process, in particular, the transfer of the leadership of the Pan-Armenian Investment Fund and its manager to the responsible body of the Armenian government.

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Tags: investment fund, Pan-Armenian bank, Yerevan

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The Pan-Armenian Bank may be reorganized into Pan-Armenian Fund, head of the Central Bank’s Financial Stability and Development Department Andranik Grigoryan told journalists on Wednesday

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One person to combine positions of Pan-Armenian Bank chief executive officer and board chairman.

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Tags: Armenia, CHAIRMAN, Pan-Armenian bank

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Former Armenian prime minister says Pan-Armenian Bank should be reorganized into investment bank

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Tags: Armenia, Bagratian, investment, Pan-Armenian bank

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Governor of Armenia’s Central Bank Arthur Javadian said today the appointment of head of the Pan-Armenian Bank was a matter of days.

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Armenian prime minister Tigran Sarkisian said Saturday he hopes the Pan-Armenian Bank Would start operating next year.

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Tags: bank @en, Pan-Armenian bank, Sarkisian

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