YEREVAN, February 23. /ARKA/. Karen Sarkisian, the chairman of the Armenian Development Bank (ADB), unveiled February 22 the bank’s new strategy during a meeting with journalists and its main directions of work. He said the bank is introducing new tools designed specially for small and medium-sized businesses, shaping a new business culture and new corporate relationships that will focus on sustainable and proportional development. This strategy" will be implemented in four directions.

Unprecedented rates on deposits

The bank will offer individuals and legal entities high interest rates on bank deposits - 5-7% on deposits in Armenian drams and 3-4% on deposits in foreign currencies. In addition, from 15 February to 31 May this year the bank is offering special interests rates ‘Maximum’ -14% for deposits in drams, 10% for deposits in U.S. dollars and 8% for deposits in euro. In addition, the Armenian Development Bank offers its customers a multi-currency deposit, which allows depositors to transfer the money from one currency to another without loss of interest.

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Tags: ADB, Sarkisian, STRATEGY

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The Armenian government expects a four percent inflation in 2012, prime minister Tigran Sarkisian said.

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Armenian prime minister Tigran Sarkisian had a meeting with the members of the public sector of the National Youth Policy Council and various youth and student organizations on August 27 in the resort town of Tsaghkadzor.

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Armenian Prime Minister Tigran Sarkisian sent a letter to ARKA news agency to congratulate it on the occasion of its 15th anniversary, singling out its high professional skills and serious analytical capacities.

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Armenian Prime Minister Tigran Sarkisian awarded today Director of ARKA News Agency, Konstantin Petrosov, Prime Minister’s Commemorative Medal.

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Introduction of agricultural insurance in Armenia is inexpedient, prime minister Tigran Sarkisian said.

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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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