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GAZPROMBANK PLANS TO INCREASE CAPITAL OF AREXIMBANK BY TENS OF MILLIONS OF DOLLARS THROUGH ISSUE OF SECURITIES
Noyan Tapan
Jan 25, 2008
YEREVAN, JANUARY 25, NOYAN TAPAN. Russian Gazprombank, the owner of
80% of shares of Areximbank (Armenia), plans to increase Areximbank's
capital by tens of millions of dollars with the aim of ensuring the
Armenian bank's participation in large financial projects, the first
deputy chairwoman of Gazprombank Olga Kazanskaya stated at the January
25 press conference. The capital of Areximbank currently makes 3 bln
574 mln drams or about 1 mln 164 thousand dollars.
In her words, it is likely that Gazprombank will make a decision
on acquiring the remaining 20% of Areximbank's shares in the second
half of 2008. Besides, as the director general of Areximbank Armen
Khandkarian announced, it is envisaged to rename the bank "Gazprombank
Armenia".
He said that the capacities of the Armenian banking system are small
for servicing the country's economy and big corporate customers, and
Gazprombank intends to increase these capacities by its activities. The
director general of Areximbank informed those present that a new
strategy of the bank has been developed.
According to O. Kazanskaya, by the amount of its capiatl Gazprombank
is the third largest among Eastern and Western European banks.
Noyan Tapan
Jan 25, 2008
YEREVAN, JANUARY 25, NOYAN TAPAN. Russian Gazprombank, the owner of
80% of shares of Areximbank (Armenia), plans to increase Areximbank's
capital by tens of millions of dollars with the aim of ensuring the
Armenian bank's participation in large financial projects, the first
deputy chairwoman of Gazprombank Olga Kazanskaya stated at the January
25 press conference. The capital of Areximbank currently makes 3 bln
574 mln drams or about 1 mln 164 thousand dollars.
In her words, it is likely that Gazprombank will make a decision
on acquiring the remaining 20% of Areximbank's shares in the second
half of 2008. Besides, as the director general of Areximbank Armen
Khandkarian announced, it is envisaged to rename the bank "Gazprombank
Armenia".
He said that the capacities of the Armenian banking system are small
for servicing the country's economy and big corporate customers, and
Gazprombank intends to increase these capacities by its activities. The
director general of Areximbank informed those present that a new
strategy of the bank has been developed.
According to O. Kazanskaya, by the amount of its capiatl Gazprombank
is the third largest among Eastern and Western European banks.