OREANDA-NEWS. October 31, 2008. RA Prime Minister Tigran Sargsyan received a delegation of Gazprombank representatives, led by Executive Vice-President Alexander Kaznacheyev, as well as Karen Karapetyan, Chairman of Board, and Armen Khandkaryan, Director General of Areximbank with the latter being a full member and a 100% subsidiary of Gazprombank Group.

On the 10th anniversary of Areximbank, the Prime Minister congratulated the representatives of the Bank and wished them every success and a speedy implementation of all those ambitious programs designed jointly with its chief stakeholder Gazprombank. During the meeting, Tigran Sargsyan was briefed on Areximbank's future plans and the prospects for development of the cooperation with Gazprombank.

The head of the Armenian government suggested investing into small and medium-size businesses as he considers this sector to be a promising one. He further noted that if Gazprombank is to secure leading positions within Armenia's competitive environment, it should be quick in taking decisions and using the opportunities available considering that despite its small size as compared to Russia, Armenia's financial sector is very strong and stable.

Speaking about the current global trends which compel everybody to place funds in possibly stable environments, the Prime Minister said that Armenia is just one to be invested in with confidence.