Ameriabank executives to retain management – Bank of Georgia Group chairman

YEREVAN, FEBRUARY 20, ARMENPRESS. Ameriabank and Bank of Georgia Group (BOGG) PLC have completed negotiations. Ameriabank can now join the BOGG international group. The next phase envisages the confirmation of the deal, and meanwhile BOGG chairman Mel Carvill has visited Armenia on the occasion of the successful completion of the negotiations.

In an interview with journalist Eric Hacopian, Carvill spoke about Armenia’s investment appeal, presented BOGG, the details of the possible deal and its importance for both sides.

He also spoke about the opportunities that the deal would provide in case of confirmation. The BOGG chairman said that greater security and stability guarantees will be created for the bank’s customers, because Ameriabank will be part of a major banking group and thus have direct access to global capital markets. At the same time, Carvill said that Ameriabank will continue shaping its success story by remaining the leading Armenian bank. “The current management team will also continue to manage the bank,” he said.