RUSSIA TO SUPPORT THE ECONOMIC GROWTH IN ARMENIA
Support A1+!”Vneshtorgbank”, one of the hugest banks of Russia, has become the holder of 70% of “ArmSavingBank” stocks.
President Robert Kocharyan has today received ”Vneshtorgbank” Department Chair Andrei Kostin, who is in Armenia to sign a contract on purchasing control packet of shares.
President stated with pleasure that the bargain is the first official participation of RF bank capital in the bank system of Armenia.
Andrei Kostin said though ”Vneshtorgbank” has a bank net in the European countries, share purchase of “ArmSavingBank” is the first transaction in the territory of post-Soviet states, adding that the quick growth of Armenian economy, and the increasing demand for the credit resources were the main motives.
