On November 8th, Ameriabank, a licensed commercial bank in Armenia, opened its first branch office in Stepanakert the capital of the NKR. The new branch envisages offering a full range of banking services to both individual and corporate. customers. At a press conference announcing the opening Ameriabank’s General Director Mr. Artak Hanesyan noted that, “We have always been following economic developments in Karabakh, and the speed at which those developments take place. Thus, we couldn’t remain unrepresented there given that we too are a fast-developing financial system.” On hand at the opening were officials from the NKR and Armenia.