PANARMENIAN BANK ISSUES OPEN LETTER ON ITS OBJECTIVES

PanARMENIAN.Net
May 21, 2012 – 13:05 AMT

PanARMENIAN.Net – Panarmenian Bank issued an open letter, presenting
its history and challenges in response to numerous comments on its
operation.

Panarmenian Bank was established in 2011. It promotes activity of an
investment bank, aiming to attract long-term funds from international
financial institutions and private sources. Its objective is to ensure
development and financing of investment programs. On February 15,
the bank became NASDAQ OMX Armenia member.

The bank’s operation is coordinated by RA Law on Panarmenian Bank,
particularly financing of the private sector.

According to the bank’s press service, all those interested in
the financial institution’s activity are welcome to get relevant
information from Panarmenian Bank experts.