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Uniastrum Bank To Have Stake In Unibank's Capital

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  • Uniastrum Bank To Have Stake In Unibank's Capital

    UNIASTRUM BANK TO HAVE STAKE IN UNIBANK'S CAPITAL

    Noyan Tapan
    May 03 2006

    YEREVAN, MAY 3, NOYAN TAPAN. Uniastrum Bank (Moscow) will apply soon
    to the Central Bank of Armenia (CBA) with a proposal to have its
    stake in the capital of Unibank (Armenia). Unibank Council Chairman
    Gagik Zakarian stated this at the May 3 press conference. In his
    words, Uniastrum's stake in Unibank will make about 10 mln USD,
    after which the Armenian bank's capital will increase to nearly 14
    mln USD. G. Zakarian expressed a hope that the CBA and the Central
    Bank of Russia will grant permission for transactions with Unibank
    in the near future, and the deal will be concluded this year.
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