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Araratbank intends to acquire bank or stock package of bank

26.06.2015 20:26

Araratbank intends to acquire bank or stock package of bank

YEREVAN, June 26. /ARKA/. Araratbank intends to acquire a bank or a stock package of a bank, Ashot Osipyan, chairman of the bank's board, said Friday at Araratbank's annual assembly.

“We are making preparations for that and we are making every effort to acquire a bank or a stock package of a bank,” he said.

He added that details will be released to public later, since appropriate negotiations are under way now.
Twenty one commercial banks function in Armenia now.

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