Tweet
CONVERSEBANK PROFITS MAY REACH 2.5BLN AMD
ARKA
Dec 26, 2008
YEREVAN, December 26. /ARKA/. Ararat Ghukasyan, the Executive Director
of Conversebank, said the bank's profits before taxation may reach
2.5bln AMD.
"In the whole, the 2008 was a successful year for the bank and we
intend to complete it with profits exceeding the expected indicators,"
he told reporters on Friday.
According to Ghukasyan, Conversebank will adhere to a policy of
expansion in the regions and improve infrastructures and services
there.
"We managed to bring the number of branches to 25 with four of them
being renovated thoroughly, expanded the network of ATMs, increasing
their number up to 41 against 29 early this year," he said.
The Conversebank CJSC was incorporated in Armenia on December 20, 1993.
Eduardo Ernekyan, an Argentina-based Armenian businessman purchased
the bank's 95% shares last February. The other 5% is held by the
Armenian Apostolic Church.
The bank's assets reached 63.9bln AMD this October 31, total capital
13bln AMD, liabilities 50.9bln AMD. ($1 - 308.37).
ARKA
Dec 26, 2008
YEREVAN, December 26. /ARKA/. Ararat Ghukasyan, the Executive Director
of Conversebank, said the bank's profits before taxation may reach
2.5bln AMD.
"In the whole, the 2008 was a successful year for the bank and we
intend to complete it with profits exceeding the expected indicators,"
he told reporters on Friday.
According to Ghukasyan, Conversebank will adhere to a policy of
expansion in the regions and improve infrastructures and services
there.
"We managed to bring the number of branches to 25 with four of them
being renovated thoroughly, expanded the network of ATMs, increasing
their number up to 41 against 29 early this year," he said.
The Conversebank CJSC was incorporated in Armenia on December 20, 1993.
Eduardo Ernekyan, an Argentina-based Armenian businessman purchased
the bank's 95% shares last February. The other 5% is held by the
Armenian Apostolic Church.
The bank's assets reached 63.9bln AMD this October 31, total capital
13bln AMD, liabilities 50.9bln AMD. ($1 - 308.37).