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''ARDSHINBANK'' AND ''ADANA'' BANKS FUSION WAS APPROVED

Economy

Today the Council of Armenia Central bank approved the amalgamation of "Ardshinbank" and "Adana" bank. The decision to set aside a long-term and low-percentage credits was made to support the banks' fusion project.

The session ascertained that the head of "Ardshinbank" Yerevan Central branch had given false accounts.

Criminal case is already proceeded in the light of this. Nevertheless, it was noted that the action brought will have no impact on the "Ardshinbank" usual activity and the banks' joining process.