Yerevan /Mediamax/. Second branch of “Cascade Bank” opened at Komitas Ave. in Yerevan today##.

Mediamax reports that, speaking at the branch opening, Chief Executive Officer of “Cascade Capital Holdings” CJSC and the Chairman of the “Cascade Bank” Board Jonathan Stark stated that in 2009 the bank will open the third branch in the capital city and will expand its branch network in the regions of Armenia.

The bank will continue offering credits at profitable terms in the new branch for small and medium enterprise at the expense of target means, provided by the European Bank for Reconstruction and Development (EBRD).

Chief Executive officer of “Cascade Bank” Aharon Levonyan noted that the opening of the new branch evidences the bank’s stable growth and progress in the market of retail services.

“Komitas” branch, just like the central office of the bank, will work with no days off (with the exception of state holidays) and will offer the customers a full package of banking services.