Head of VTB bank highly estimates policy of Armenia’s CB and country’s banking legislation

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10.12.2007, 23:24

President and Chairman of VTB Bank Andrey Kostin highly estimates the policy of the Central Bank of Armenia and the country’s banking legislation.

YEREVAN, December 10. /ARKA/. President and Chairman of VTB Bank Andrey Kostin highly estimates the policy of the Central Bank of Armenia and the country’s banking legislation.

“The policy of Armenia’s CB on one hand provides tough but just surveillance of the banking activity, on the other hand is rather liberal for the activity of foreign banks,” he said during the joint press-conference with CBA Chairman Tigran Sargsyan on Saturday.

Kostin added that this is the only possible policy in conditions of globalization of financial and banking services. –0-

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