Yerevan /Mediamax/. The first branch of “Cascade Bank” –“Yervand Kochar”, opened in Yerevan##.

Mediamax reports that, speaking at the branch opening ceremony on November 6, Chief Executive Officer of “Cascade Capital Holdings” CJSC and Chairman of the Board of “Cascade Bank” Jonathan Stark stated that this way the bank made the first step along the path of expanding its activity.

Chief Executive Officer of “Cascade Bank” Aharon Levonyan informed that by the end of the year the bank intends to open two more branches in Yerevan, and starting from 2009, it will begin opening branches in the regions of Armenia.

“Yervand Kochar” branch, just as the central office of the bank, will work without days off (with the exception of state holidays) and will provide the customers with a full package of banking services.