Union of Banks of Armenia hosts discussions on development problems of
Armenia’s financial and banking sector
by Emmanuil Lazarian
ARMINFO
Friday, August 29, 17:32
On August 28, the Union of Banks of Armenia (UBA) hosted a meeting of
the heads of Armenian banks and Armenian Offices of international
organizations, namely, World Bank, International Monetary Fund,
European Bank for Reconstruction and Development and International
Finance Corporation.
ArmInfo has been told by reliable sources that yesterday, Aug 28, the
meeting at the UBA office covered the issues and problems of much
importance to the further development of the financial and banking
sector of the country. In particular, the participants thoroughly
analyzed the problematic draft laws recently put in circulation at the
National Assembly of Armenia on the initiative of some lawmakers. The
discussions also covered issues related to the activities of the
Judicial Acts Compulsory Enforcement Service, the UBA Financial
Arbitrage and the judiciary system in general.
The heads of the banks and international organizations also touched on
the problematic issues hindering the development of the Armenian
banking system and stressed the need to launch balanced protection of
the rights of creditors and borrowers. The participants pointed out
the possible solutions to all the specified problems and agreed to
continue the cooperation aimed at resolving the arising problems and
resisting the new challenges.
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/2014/08/30/union-of-banks-of-armenia-hosts-discussions-on-development-problems/
