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TROIKA DIALOG BRINGS FIRST EVER REVENUES TO STANDARD BANK
Tert.am
13:26 13.08.10
Troika Dialog Group has secured 70 per cent of all the proceeds South
African Standard Bank has had from all its joint enterprises.
According to Russian daily Kommersant, Standard Bank which had during
the global financial crisis acquired some of the Troika Dialog shares,
may now consider the acquisition a successful one as the shares are
bringing incomes.
Troika Dialog, whose Board Chairman and CEO is famous Armenian
businessman Ruben Vardanyan, had $66 million in net profits in the
first half of which $24 million went to Standard Bank.
The bank acquired 33 per cent of Troika Dialog's shares in September
2009 and later raised them up to 36 per cent.
Troika Dialog had $49.67 million in losses 2009 against the $10.2
million in profits in 2008.
Standard Bank Group is Africa's largest bank. Most of its shares (20%)
are owned by the Chinese ICBC. The bank has more than a thousand of
branches in 38 countries in the world.
From: A. Papazian
Tert.am
13:26 13.08.10
Troika Dialog Group has secured 70 per cent of all the proceeds South
African Standard Bank has had from all its joint enterprises.
According to Russian daily Kommersant, Standard Bank which had during
the global financial crisis acquired some of the Troika Dialog shares,
may now consider the acquisition a successful one as the shares are
bringing incomes.
Troika Dialog, whose Board Chairman and CEO is famous Armenian
businessman Ruben Vardanyan, had $66 million in net profits in the
first half of which $24 million went to Standard Bank.
The bank acquired 33 per cent of Troika Dialog's shares in September
2009 and later raised them up to 36 per cent.
Troika Dialog had $49.67 million in losses 2009 against the $10.2
million in profits in 2008.
Standard Bank Group is Africa's largest bank. Most of its shares (20%)
are owned by the Chinese ICBC. The bank has more than a thousand of
branches in 38 countries in the world.
From: A. Papazian