Serzh Sargsyan receives BSTDB President Andrey Kondakov

President Serzh Sargsyan today hosted President of the Black Sea Trade and Development Bank (BSTDB) Andrey Kondakov, President’s press office reported.

Serzh Sargsyan congratulating Kondakov on his appointment as BSTDB President expressed confidence that cooperation between Armenia and BSTDB will be constantly expanding.

According to S. Sargsyan, there is every opportunity for expanding bank’s activities in Armenia. He welcomed bank’s activities towards financing real sector of economy.

In return, A. Kondakov presented bank’s progress over 11 years of activities and its plans for the future. He highly assessed Armenia’s activities as bank’s shareholder in increasing bank capital. In his words, increasing bank capital will make it possible to expand bank activities and to launch new projects stimulating Armenia’s economic development.