Armenian Antimonopoly Body Permits Ameriabank And Cascade Bank Conce

ARMENIAN ANTIMONOPOLY BODY PERMITS AMERIABANK AND CASCADE BANK CONCENTRATION

PanARMENIAN.Net
April 9, 2010 – 13:09 AMT 08:09 GMT

The State Commission for the Protection of Economic Competition of
the Republic of Armenia (SCPEC) permitted Ameriabank’s shareholder,
TDA Holding Limited company to conclude a deal on purchasing the
Cascade Bank, Commission’s Press Service reported.

The decision was made on the basis of interested sides’ claim
on centralizing the two financial structures. SCPEC permitted
concentration the two banks due to the lack of facts prohibiting
the deal.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2010/04/10/armenian-antimonopoly-body-permits-ameriabank-and-cascade-bank-conce/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS