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ARMENIAN CASCADE BANK PRESENTS MASTER CARDS TO STUDENTS ON NEW YEAR'S EVE
ARKA
Dec 25, 2008
YEREVAN, December 25. /ARKA/. Armenian Cascade Bank presented Master
Cards to students and the faculty of the Economics Department of
Yerevan State University and all the students of Yerevan Economics
University on the New Year's eve.
The bank's press service reports that the cardholders are entitled
to 50% discount in over 150 trade and service centers cooperating
with the bank in the country. They can use the cards also abroad if
they deposit money on the card accounts. The actions will continue
till the end of this year, and all students wishing to obtain plastic
cards of Cascade Bank are welcome to apply to the bank headoffice or
to the branch offices, says the report.
The aim of the action is not only to support students to take advantage
of modern financial services, but also to provide public awareness
about non-cash payment instruments and increase the volume of non-cash
payments, said Executive Director of Cascade Bank Aharon Levonyan.
Cascade Bank Board Chairman Jonathan Stark, in his turn, sad that the
bank is happy to give the presents. Today's students are tomorrow's
leaders, he said.
The cards will allow the students receive bursaries in noncash form,
Stark said stressing that the same discounts are applied for these
cards of Cascade Bank as for the others.
When the bank's new clients complete their education and start working,
the cards will give them additional advantages in receiving credits
and overdrafts, Stark said.
Cascade Bank closed joint stock company was founded on May 26 2005 when
Cascade Capital Holdings purchased 100% of the shares of Emporiki Bank
(Armenia). The Bank cooperates with the EBRD on micro-loan program. In
December 2006, Millennium Challenges - Armenia Fund selected Cascade
Bank for servicing of its account under a $236mln worth five-year
program of U.S. Government's assistance to Armenia.
As of the end of September 2008, total capital of the bank was 5.1bln
Drams, assets were 13.9bln Drams; the bank's net profit amounted to
192mln Drams in January-September 2008.
According to the information of ARKA News Agency, Cascade Bank has
the 18th largest assets in the banking system of Armenia and is the
17th in terms of liabilities, total capital and net profit in the
current period.
($1=308.35Drams).
ARKA
Dec 25, 2008
YEREVAN, December 25. /ARKA/. Armenian Cascade Bank presented Master
Cards to students and the faculty of the Economics Department of
Yerevan State University and all the students of Yerevan Economics
University on the New Year's eve.
The bank's press service reports that the cardholders are entitled
to 50% discount in over 150 trade and service centers cooperating
with the bank in the country. They can use the cards also abroad if
they deposit money on the card accounts. The actions will continue
till the end of this year, and all students wishing to obtain plastic
cards of Cascade Bank are welcome to apply to the bank headoffice or
to the branch offices, says the report.
The aim of the action is not only to support students to take advantage
of modern financial services, but also to provide public awareness
about non-cash payment instruments and increase the volume of non-cash
payments, said Executive Director of Cascade Bank Aharon Levonyan.
Cascade Bank Board Chairman Jonathan Stark, in his turn, sad that the
bank is happy to give the presents. Today's students are tomorrow's
leaders, he said.
The cards will allow the students receive bursaries in noncash form,
Stark said stressing that the same discounts are applied for these
cards of Cascade Bank as for the others.
When the bank's new clients complete their education and start working,
the cards will give them additional advantages in receiving credits
and overdrafts, Stark said.
Cascade Bank closed joint stock company was founded on May 26 2005 when
Cascade Capital Holdings purchased 100% of the shares of Emporiki Bank
(Armenia). The Bank cooperates with the EBRD on micro-loan program. In
December 2006, Millennium Challenges - Armenia Fund selected Cascade
Bank for servicing of its account under a $236mln worth five-year
program of U.S. Government's assistance to Armenia.
As of the end of September 2008, total capital of the bank was 5.1bln
Drams, assets were 13.9bln Drams; the bank's net profit amounted to
192mln Drams in January-September 2008.
According to the information of ARKA News Agency, Cascade Bank has
the 18th largest assets in the banking system of Armenia and is the
17th in terms of liabilities, total capital and net profit in the
current period.
($1=308.35Drams).