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New Building Of Ardshininvestbank's Head Office Opens

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  • New Building Of Ardshininvestbank's Head Office Opens

    NEW BUILDING OF ARDSHININVESTBANK'S HEAD OFFICE OPENS

    Noyan Tapan
    April 4, 2008

    YEREVAN, APRIL 4, NOYAN TAPAN. "I am impressed by the new building of
    Ardshininvestbank's head office. So far no bank has had such a building
    of its head office. I think that it will form serious motives in this
    competition field, and other banks will also have buildings of this
    kind for their head offices and branches," the Armenian president
    Robert Kocharian stated on March 4 after touring the new head office
    of Ardshininvestbank.

    The reconstruction, reinforcement and repairs of the building was
    done by International Business Center (IBC) company - a shareholder
    of Ardshininvestbank.

    In the words of R. Kocharian, "all the sides of the deal have
    benefited" as a result of the deal on finishing the construction of new
    Yerevan municipality building against transferring the old minicipality
    building to IBC and the implementation of the respective programs.

    According to IBC director general, deputy chairman of Ardshininvestbank
    Khachatur Zakarian, 5 bln drams (about 16.3 mln USD at the current
    exchange rate) was spent on the purchase of the old municipality
    building and adjacent land after the conclusion of the indicated
    deal in 2003, and about 3 bln drams was spent on the construction
    which began in 2005. Two storeys were added to this building, which
    was constructed in 1951 (now it is a 6-storey buiding). The building
    has been also strengthened and made more earthquakeproof. IBC also
    carries out repairs of more than 53 branches of Ardshininvestbank in
    Armenia and Nagorno Karabakh.
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