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Armbusinessbank opens new `Ani' subsidiary

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  • Armbusinessbank opens new `Ani' subsidiary

    Armbusinessbank opens new `Ani' subsidiary
    05.09.2009 11:46 GMT+04:00

    /PanARMENIAN.Net/ On September 3, Armbusinessbank opened a new `Ani'
    subsidiary in Gyumri, RA Shirak region, Armbusinessbank press service
    reported.

    Armbusinessbank was established by the decision of the general meeting
    of bank founders in accordance with the constitutive agreement of 14
    December 1994. According the agreement the bank is the legal successor
    of the shareholding Arminvestbank established in September 1991.

    License N40 of the Central Bank of the Republic of Armenia issued on
    10 December 1991.

    In April 2006 Ukrainian Ukrprombank purchased 35% shares of the
    Arminvestbank. In mid-April the Christies Management Company,
    registered on the British Virginia Islands, bought the 30% share of
    the bank and. In June 2006 Ukrainian Alfa-Garant Insurance Company
    purchased the remaining 35% shares of the Arminvestbank.

    The decision on renaming the bank to Armbusinessbank was unanimously
    accepted at the special meeting of the shareholders of the
    Arminvestbank on August 10.

    Bank is a member of SWIFT, Western Union, Anelik, Contact as well as
    ArCa, MasterCard and Visa International.

    21 Armbusinessbank subsidiaries are currently operating in Armenia.
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