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Impexbank will directly hold 19.9% of Areximbank's stocks.

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  • Impexbank will directly hold 19.9% of Areximbank's stocks.

    Analytical Information Agency, Russia
    June 6 2005

    Impexbank will directly hold 19.9% of Areximbank's stocks.


    Next week Impexbank will acquire a 19.91-percent stake in commercial
    Areximbank.

    Areximbank's capital equals $4.7 million. Accordingly the deal value
    will total $935.77 thousand.

    The share of direct participation of Impeksbank in Areximbank will
    make 19.9 %. AT present the shareholders of Areximbank are Armenian
    company " Finmarket " and the non-resident - RosCreditResources,
    being controlled by Impexbank and Unikor-Finance which operates the
    assets of businessman Boris Ivanishvili.

    The Russian-Armenian export-import bank has been created in 1998 for
    support of business and service of financial flows between Russia and
    Armenia. As of April 1, 2005, Areximbank's assets amounted to $46.64
    million.

    Impexbank was founded in 1993, its authorized capital is 2.334
    billion rbl. It enters 30 largest Russian credit organizations,
    monthly published by the Central Bank. The Bank is supervised by the
    structures close to businessman B.Ivanishvili.
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