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COMMERCIAL BANK OF GREECE IS GOING TO EXPAND ITS ACTIVITY IN


MosJan

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COMMERCIAL BANK OF GREECE IS GOING TO EXPAND ITS ACTIVITY IN ARMENIAN MARKET

22.02.2001

 

YEREVAN, February 22. /Mediamax/. Manager of the international division of the Commercial Bank of Greece, Spyros Coskinas said today at a press conference in Yerevan that the bank is going to expand its activity in Armenian market and "offer the whole range of bank services to its clients".

It's two years already the Commercial Bank works in Armenia, Coskinas said. "In this period the bank already lost its former image, and its restoration required a number of resolute steps", the director said.

During the coming 10 days the bank will submit to the Central Bank of Armenia a business-program, which envisages cooperation with representatives of small and middle scale business.

The total capital of the Commercial Bank of Greece makes up 4 million dollars, 75 % of which belongs to Greece and 25% - to the European Bank of Reconstruction and Development. --0--

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Mos! I really thank you for expanding my awareness in Armenian insites.

I was wondering, where you get the info? There must be more to the topic. What attracted/interested them to push the following? Of course the interest rates are going to sky rucket, because thats where they will benefit.

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