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ARMENIAN CB SUSPENDED ACTIVITIES OF ADB CHARENTS BRANCH
ARKA
Feb 11, 2009
YEREVAN, February 11. /ARKA/. The Central Bank of Armenia suspended
activities of Charents branch of the Armenian Development Bank,
the CBA press-service told ARKA News Agency.
CBA Chairman Artur Javadyan made the decision on February 6.
Armenian Development Bank (ADB) was established in 1990. RA CBA
re-registered ADB in 1993 and issued #14 license. The Bank was under
the name of Reconstruction and Development Bank until 1996.
According to information at ARKA's disposal, the bank's assets reached
16.3bln AMD on December 31, 2008, with liabilities amounting to 10.5bln
AMD, capital 5.8bln AMD, credit investments 10.3bln AMD, liabilities
to clients 8.9bln AMD and net profit in 2008 to 747.2mln AMD.
The Bank had 2 branches until today, and now has one. ($1 - 305.51AMD).
ARKA
Feb 11, 2009
YEREVAN, February 11. /ARKA/. The Central Bank of Armenia suspended
activities of Charents branch of the Armenian Development Bank,
the CBA press-service told ARKA News Agency.
CBA Chairman Artur Javadyan made the decision on February 6.
Armenian Development Bank (ADB) was established in 1990. RA CBA
re-registered ADB in 1993 and issued #14 license. The Bank was under
the name of Reconstruction and Development Bank until 1996.
According to information at ARKA's disposal, the bank's assets reached
16.3bln AMD on December 31, 2008, with liabilities amounting to 10.5bln
AMD, capital 5.8bln AMD, credit investments 10.3bln AMD, liabilities
to clients 8.9bln AMD and net profit in 2008 to 747.2mln AMD.
The Bank had 2 branches until today, and now has one. ($1 - 305.51AMD).