ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group

The Central Bank of Armenia has qualified Armeconombank OJSC and SIL Insurance CJSC as a financial group - SIL Multifunctional Financial Group.

The bank reports on its website that the regulator has also empowered Armeconombank to run SIL Multifunctional Financial Group as responsible entity. Read the full story
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