The Central Bank of Armenia has qualified Armeconombank OJSC and SIL Insurance CJSC as a financial group - SIL Multifunctional Financial Group.

The bank reports on its website that the regulator has also empowered Armeconombank to run SIL Multifunctional Financial Group as responsible entity. Read the full story ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group