During the International Banking Forum in Yerevan on November 7, Martin Galstyan, Chairman of the Central Bank of Armenia, spoke about the development of partnership relations among banking institutions in Armenia, Georgia, and European countries.
"Over the years, strong business connections have been established, and I am confident that they will only continue to strengthen. Each of us has a role to play in this direction," emphasized Galstyan in his speech.
According to the head of Armenia's Central Bank, close and consistent cooperation will allow for effectively addressing the challenges of a rapidly changing environment and fostering the growth and well-being of all participating societies.
"I am convinced that through our close collaboration, we will successfully meet the challenges of a fast-evolving environment and ensure the development and prosperity of our societies," stated Martin Galstyan.
Earlier, BMG reported that the Bank of Georgia Group had acquired one of Armenia’s leading banks, "Ameriabank," for $303.6 million.
"Ameriabank," with assets exceeding 1 trillion AMD (over $2.5 billion), will continue to operate with its existing management while retaining its own brand and corporate identity.
According to the Bank of Georgia Group, this deal provides BOGG PLC with an opportunity to expand its scale and geographical reach by entering a neighboring, rapidly growing economy.
