Board Appoints Credit Yerevan Bank Interim Administration

YEREVAN (Noyan Tapan)–The Board of directors of the Central Bank of Armenia appointment the members of the "Credit-Yerevan Bank" OJSC’a Interim Administration. Hakob Malkhasyan was appointed chairman of the Administration.

According to the new Interim Administration–when the decision was made–all the authorities on the management of "Credit-Yerevan Bank" OJSC were transferred to the Interim Administration. According to the current law–the administration must submit a financial recovery program to Central Bank’s Board for approval within 3 weeks

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