Yerevan, May 30 /Mediamax/. The implementation of ABN AMRO program “Improvement of Risks Management Processes” continues successfully, according to the established schedule, Chairman of the Board of “Unibank” Vartan Ataian stated in an interview to Mediamax today.

He noted that the bank passed to the second stage of implementation of the program, within the framework of which, structural changes took place in “Unibank” and new subdivisions, in particular, a Risks Management Department was established.

According to Vartan Ataian, for the conclusion of the realization of the program, implementation of five modules is necessary. “The program is very large, and its full implementation in the course of one year is not possible”, the Chairman of the Board of “Unibank” stated, noting that by the end of the year a statement will be made concerning the process of the realization of the program.

The remaining part of the work will be realized by “Unibank” independently: ABN AMRO will just provide recommendations concerning the further steps and the schedules for their realization.

“The implementation of this mighty program will give “Unibank” many advantages in the future and will become the basis for the further development of the bank”, Vartan Ataian stressed in an interview to Mediamax.

ABN AMRO is one of the largest banks in the world and has 4500 branches in 53 countries.