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Nerses Karamanukyan Appointed Chairman Of Ardshininvestbank Board

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  • Nerses Karamanukyan Appointed Chairman Of Ardshininvestbank Board

    NERSES KARAMANUKYAN APPOINTED CHAIRMAN OF ARDSHININVESTBANK BOARD

    ArmInfo
    2009-07-18 16:28:00

    ArmInfo. Nerses Karamanukyan was appointed Chairman of
    Ardshininvestbank Board on July 18. Previously N. Karamanukyan
    headed the IFC Office in Armenia, Ardshininvestbank press-service
    told ArmInfo.

    Chairman of Ardshininvestbank Council Karen Safaryan said
    N. Karamanukyan will continue the best traditions of the bank. For his
    part, N. Karamanukyan pledged to use his best experience and knowledge
    at the bank to maintain the achieved indicators and achieve better
    ones. "The bank has highly-qualified and professional specialists
    who will be involved in implementation of serious and important
    projects. The bank will further take into account the global financial
    crisis and the peculiarities of our country to further provide our
    clients with the best conditions of banking services," he said.

    N. Karamanukyan replaced Aram Andreasyan who had been heading the bank
    since its reorganization in 2003. Aram Andreasyan left his position
    because of health problems and refused from the membership of the
    Bank Council.

    At present Ardshininvestbank occupies the leading positions in the
    ranking of Armenian banks and has one of the largest branch networks
    in the country: 55 branches, including 13 in Yerevan, 36 in regions
    and 6 in the NKR. The bank is represented also in Paris.

    The majority shareholders of the bank are Business Investments Center
    LTD (86.82%) and the IFC (10%). Among the minority shareholders
    are representatives of the bank's top management. The total capital
    of the bank made up 26 billion drams as of July 1 2009, including
    13.8 billion drams authorized capital and almost 8 billion drams
    accumulated profits. The net profit for the first half totaled almost
    2 billion drams. The assets of the bank totaled 115 billion drams
    including 63.5 billion was the share of credits and other loans and
    25.7 billion drams cash and equivalents. The bank is specializing in
    financing of large industrial facilities at the same time actively
    developing retail services.

    From: Emil Lazarian | Ararat NewsPress
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