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Ameriabank To Lower Business Credit Rate

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  • Ameriabank To Lower Business Credit Rate

    AMERIABANK TO LOWER BUSINESS CREDIT RATE

    PanARMENIAN.Net
    05.03.2009 18:22 GMT+04:00

    /PanARMENIAN.Net/ Ameriabank made an announcement to the
    representatives of Armenian financial market offering to lower
    USD business credit rates by 1%, Ameriabank press service told
    PanARMENIAN.Net.

    The initiative aims to stimulate business and curb price increase
    for imported goods.

    Ameriabank CJSC, the ex - Armpimpexbank CJSC, is the legal successor of
    the last Caucasian Commercial Bank subsidiary functioning in Yerevan
    since 1910.

    99,1% of Armpimpexbank stocks belong to TDA Holding Limited, affiliated
    to Troika Dialogue Russian company. RA Ministry of Economy and Finance
    is one the authorized capital owners of the bank.

    The Bank is affiliated to Master Card international payment system,
    ArСa national payment system and is an agent to Western Union
    international money transfer system.

    The bank's assets rose by 12.7 % in February 2009, and a by 15.7 %
    for the two first months of 2009.

    As of Sep.30, 2008 , bank aggregate capital comprises AMD 18 811 642,
    bank assets - AMD 41 815 508, liabilities - AMD 23 003 866.
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