In line with its expansion strategy, Byblos Bank opened a new branch in Vanadzor, Armenia, to extend its high-quality products and services to its Armenian clientele and efficiently contribute to the local economy’s prosperity.

Mr. Alain Tohmé, Member of the Board of Directors of Byblos Bank Group, said: “Our commitment towards Armenia and the Armenian people remains true and we look forward to playing a key role in the development of Vanadzor and its nearby areas”. He added: “Our establishment in Armenia in 2007 stems from our conviction that there is room for long-term growth and investment in this promising market”.

Mr. Ararat Ghukasyan, CEO of Byblos Bank Armenia, said: “With our branches in both Yerevan and Vanadzor, we are able to reach the northern regions of Armenia. Our expansion strategy includes the opening new branches to get closer to our Armenian clients in other regions.”

In keeping with its international quality, Byblos Bank Armenia has furbished the new branch according to Byblos Bank Group standards that are applied in the 12 countries where it operates.