AMERIABANK TO INTRODUCE SYSTEM FOR DETERRING, PREVENTING AND ELIMINATING ECOLOGICAL RISKS

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13.10.2009, 23:53

Levon Arevshatian, Corporate Customers Director of Armenian commercial AmeriaBank, said the bank plans to introduce a system designed for deterring, preventing and eliminating ecological risks.

YEREVAN, October 13, /ARKA/. Levon Arevshatian, Corporate Customers Director of Armenian commercial AmeriaBank, said the bank plans to introduce a system designed for deterring, preventing and eliminating ecological risks.

He said international lending organizations demand that nature protection standards be observed during implementation of credit projects. He said the bank will recruit an expert on management of ecological risks. He said the move will be unprecedented in Armenian banking sector.

According to him, the expert will be participating in the process after a decision on a credit program is made to watch that all international ecological standards and norms are observed.

AmeriaBank is a corporate bank with integrated investment-banking and a limited number of retail banking services. In August 2007 96% of the bank was obtained by TDA Holdings Limited, an investment company affiliated with the leading and largest Russian investment group company – Troika Dialog. In 2007-2008 TDA Holdings Limited increased its equity participation up to 99.99%. AmeriaBank chairman of board of directors is Ruben Vardanian. ($1 – 385.87 Drams). -0-

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