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Araratbank president to speak at EBRD annual meeting

16.05.2009, 00:03
President of Araratbank Ashot Osipyan will speak at the May 16 annual meeting of the European Bank for Reconstruction and Development that kicked off today in London.
YEREVAN, May 15. /ARKA/. President of Araratbank Ashot Osipyan will speak at the May 16 annual meeting of the European Bank for Reconstruction and Development that kicked off today in London.

In his report entitled Araratbank aims at Society, Osipyan will focus on the past achievements of Armenia’s banking system and the challenges it faces.

He will also sum up the results of the three-year activities of the banks, its short-term objectives and Araratbank-EBRD cooperation.

Official delegates, ministers and leading businessmen from 60 countries are participating in the 18th annual meeting of EBRD and a business forum in London.

Anti-crisis measure in the Central and Eastern Europe will be in the spotlight of the discussions. EBRD shareholders will make their assessments to the aftermath of the global financial crisis on Europe and will discuss long-term cooperation.

Araratbank, the legal successor of Haykap (Armenian Communication Bank), was established in 1991. EBRD holds 25% of the bank’s shares, with an Armenian resident holding the rest of the 74.1% of the shares.  –0--