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Armbusinessbank (Armenia) Replenishes Authorized Capital

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  • Armbusinessbank (Armenia) Replenishes Authorized Capital

    ARMBUSINESSBANK (ARMENIA) REPLENISHES AUTHORIZED CAPITAL

    /ARKA/
    June 1, 2009
    YEREVAN

    YEREVAN, June 1. /ARKA/. Armbusinessbank has replenished its authorized
    capital with 3.05bln AMD. A relevant decision was made at the annual
    stockholders' meeting.

    As of June 1, 2009, Armbusinessbank's authorized capital was 8.05bln
    AMD (16,100 ordinary shares with a face value of 500,000 AMD).

    Among the principal stockholders of the bank are Christie Management
    (56.52% or 9,100 shares), Alfa Garant (insurance) (21.74% or 3,500
    shares), Ukrprombank (banking) (21.74% or 3,500 shares).

    The Armbusinessbank CJSC (Arminvestbank until August 26, 2006) was
    incorporated on December 10, 1991.
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