ArmInfo.The Armenian National Interests Fund (ANIF) signed a memorandum of cooperation with the leading European Intesa Sanpaolo banking group, whose activities are aimed at developing the Italian economy. As reported by the ANIF press service, the document was signed on October 7 in Rome during the state visit of the Armenian President to Italy.
According to the press service of the Fund, within the framework of the memorandum, it is envisaged to develop programs of mutual interest for Armenian and Italian entrepreneurs.
"We are glad to have the opportunity to realize the existing potential of economic cooperation between Armenia and Italy. I think that there are open opportunities in this area, and our cooperation will be aimed at realizing the potential, which will provide stable economic benefits for the business of the two countries and strengthen economic ties, ANIF Executive Director David Papazyan said.
To note, Intesa Sanpaolo is an Italian banking group, which is the leader in the banking services market in Italy and one of the largest banking groups in the Euro zone. It is a financial conglomerate that, in addition to banking, is also involved in insurance and asset management. The client base is 13.5 million people, the number of branches has reached 4.3 thousand. Total assets amount to 1, 057, 595 million euros, loan portfolio - 463, 297 million euros, direct business deposits - 531.612 million euros, insurance premiums and technical reserves - 204.198 million euros.
According to the RA Statistical Committee, the foreign trade turnover between Armenia and Italy in January-August 2021 increased by 43.7%, amounting to $ 182.7 million. $ 145.4mln.
