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Madrid

Vahagn Khachaturyan and the President of the Union of Banks of Armenia addressed the problems existing in the Armenian banking system


The President of the Republic of Armenia Vahagn Khachaturyan received Daniel Azatyan, the President of the Union of Banks of Armenia.  From the message issued by the RA President's office, welcoming the guest, Vahagn Khachaturyan noted that the banking system is the most established and independent structure in Armenia, which has been playing an important role in the stability and development of the country's economy since its creation. the essential importance of the existence of competition, which guarantees the continuous improvement and flexibility of the system. Expressing his gratitude for the opportunity to meet, Daniel Azatyan noted that one of the primary goals of the creation of the Union is the impartial protection of the interests of banks in Armenia, as well as the security of the competitive environment in the banking system pointed out by the President of the Republic. During the meeting, Daniel Azatyan presented the President of the Republic with details on the main directions of the Banking Union's activities, and also referred to the ongoing developments in the Armenian banking system, the existing problems and the possibilities of overcoming them. reform and development initiatives.