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Armbusinessbank is going to become one of the leaders of Armenia's
banking sector
2009-09-19 16:14:00
ArmInfo. Today Armbusinessbank inaugurated its new head office - one of
the ancient buildings of Yerevan.
President of Armenia Serzh Sargsyan, President of Nagorno-Karabakh
republic Bako Sahakyan, Speaker of the National Assembly Hovik
Abrahmyan, Prime Minister Tigran Sargsyan, Minister of Defense Seyran
Ohanyan and other officials attended the ceremony.
Chairman of the Board of Armbusinessbank Ara Kirakossyan said that
1.5bln AMD had been spent on the repair and re-equipment of the
building. "Our goal was to restore half-ruined but very important
historical-cultural monument of Yerevan. Without changing the facade,
we have created all conditions for a bank's activities," Kirakossyan
said.
He said that the building was designed in 1899 and built in 1901. At
first, it served as treasury house. In 1918-1920 it was the Ministry of
Finance of Armenia. In the Soviet times it housed different
departments.
In its new office Armbusinessbank will more actively engage in
crediting.
In the last years the bank has been dynamically developing and
intensifying its activities on the financial intermediation market. "We
have more than ambitious plans: we want to become one of the leaders of
Armenia's banking system," Kirakossyan said.
In the last three years Armbusinessbank's assets has grown by 15 times
to 85mln AMD, credit portfolio to 35bln AMD. This year the authorized
capital was increased by 9bln AMD to 15.6bln AMD. The bank has 20
branches in Yerevan, Armenian regions and Nagorno-Karabakh Republic.
Chairman of the Central Bank of Armenia Artur Javadyan said that, since
2006, when the shareholders of Armbusinessbank changed, the bank has
shown substantial growth. Despite the global crisis in Jan-Aug 2009
Armbusinessbank showed 25% growth in crediting. The bank is an
aggressive player, the best partner in mortgage and corporate lending.
The bank has the biggest refinancing portfolio in the newly established
National Mortgage Company.
Since July 1 2009 the shareholders of Armbusinssbank have been
Ukrprombank - 21.75%, Alfa Garant (Ukraine) - 21.7% and Chrstie
Management - 56.52%.
banking sector
2009-09-19 16:14:00
ArmInfo. Today Armbusinessbank inaugurated its new head office - one of
the ancient buildings of Yerevan.
President of Armenia Serzh Sargsyan, President of Nagorno-Karabakh
republic Bako Sahakyan, Speaker of the National Assembly Hovik
Abrahmyan, Prime Minister Tigran Sargsyan, Minister of Defense Seyran
Ohanyan and other officials attended the ceremony.
Chairman of the Board of Armbusinessbank Ara Kirakossyan said that
1.5bln AMD had been spent on the repair and re-equipment of the
building. "Our goal was to restore half-ruined but very important
historical-cultural monument of Yerevan. Without changing the facade,
we have created all conditions for a bank's activities," Kirakossyan
said.
He said that the building was designed in 1899 and built in 1901. At
first, it served as treasury house. In 1918-1920 it was the Ministry of
Finance of Armenia. In the Soviet times it housed different
departments.
In its new office Armbusinessbank will more actively engage in
crediting.
In the last years the bank has been dynamically developing and
intensifying its activities on the financial intermediation market. "We
have more than ambitious plans: we want to become one of the leaders of
Armenia's banking system," Kirakossyan said.
In the last three years Armbusinessbank's assets has grown by 15 times
to 85mln AMD, credit portfolio to 35bln AMD. This year the authorized
capital was increased by 9bln AMD to 15.6bln AMD. The bank has 20
branches in Yerevan, Armenian regions and Nagorno-Karabakh Republic.
Chairman of the Central Bank of Armenia Artur Javadyan said that, since
2006, when the shareholders of Armbusinessbank changed, the bank has
shown substantial growth. Despite the global crisis in Jan-Aug 2009
Armbusinessbank showed 25% growth in crediting. The bank is an
aggressive player, the best partner in mortgage and corporate lending.
The bank has the biggest refinancing portfolio in the newly established
National Mortgage Company.
Since July 1 2009 the shareholders of Armbusinssbank have been
Ukrprombank - 21.75%, Alfa Garant (Ukraine) - 21.7% and Chrstie
Management - 56.52%.