Uzbekistan banking delegation visits IDBank offices in Yerevan
A delegation from the national and commercial banks of Uzbekistan on Monday visited the IDBank headquarters in Yerevan to get familiarized with Armenia’s experience in the banking sector.
At the meeting with the bank’s leadership, a representative of the Central Bank of Uzbekistan was interested particularly in the risk management mechanisms and retail credit procedures in the domestic banks.
IDBank Executive Director Mher Abrahamyan elaborated on a recently conducted rebranding (after 30 year’s presence in Armenia’s banking sector). “Considering the strategy pursued by the bank – in both retail businesses and digital technologies – I think it is of interest to our partners as those processes are in an initial period and developing period. The visit was useful in terms of both the exchange of mutual experience and probably also cooperation,” he said.
The banking delegation’s visit was organized upon the initiative of the Central Bank of Armenia (CBA).
“We are working towards the bank’s digitalization in an attempt to combine the traditional experience and innovative technologies,” Abrahamyan said, highlighting the priority focus on customer services and quality.
The Uzbek partners were also interested in IDBank’s innovative products aimed simultaneously at the modernization of the branch networks to ensure the traditionally acceptable high quality standards.
The delegation visited also other branches of IDBank to follow the daily organizational procedures of work.
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