Armenian bank to enter Georgia

Armenian financial giant Ameria Bank is carrying out negotiations with one of the Georgian banks with the aim of purchasing it. The Georgian market is very interesting for Ameria, stated the bank's director for development, Tigran Jrbashian. He mentioned that Georgian banking sector is very specific but nevertheless he expressed his bank's interest to purchase Georgian bank and operate there. In Georgia meanwhile two leading banks, the Bank of Georgia and TBC Bank control 58% of the banking market.