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ArmSwissBank becomes a partner bank for Medicine Producers and
Importers Union of Armenia
by Erik Abrahamyan
ARMINFO
Sunday, September 28, 12:08
ArmSwissBank has become a partner bank for the Medicine Producers and
Importers Union of Armenia. The Memorandum of Cooperation between
ArmSwissBank and Medicine Producers and Importers Union of Armenia was
signed on September 26 during Pharma-Armenia EXPO 2014, the 6th
International Pharmaceutical Competitiveness Conference.
Under the Memorandum, one of the goals of cooperation is to find
possibilities to finance pharmaceutical enterprises, as well as to
ensure trade finance and long-term lending within international
projects.
On the margins of cooperation, ArmSwissBank intends to hold a number
of workshops to familiarize the members of the Medicine Producers and
Importers Union of Armenia with the specified services.
According to the National Statistical Service of Armenia, in 2013 the
pharmacy output in Armenia totaled 5.3 billion AMD, 29.9% more than in
2012.
To note, ArmSwissBank CJSC was founded on 7 October 2004. The founder
and CEO of "Franck Muller Watchland" Company, Vardan Sirmakes is the
owner of 11670 (80 %) ordinary shares of "ARMSWISSBANK" CJSC. 2918
(20%) ordinary shares of the Bank belong to "Belegingsmachepij Jongo"
LLC. The Bank specializes in corporate banking, investment banking and
private banking. As of 1 July 2014, the assets of ArmSwissBank
amounted to 72.3 bln AMD (24% year-over- year growth). The Bank's
authorized capital increased by 44% to 10.1 bln AMD, and the total
capital rose by 56% to 21 bln AMD. Over the same period, the Bank's
loan book grew by 11% to 30.1 bln AMD, and the portfolio of securities
increased by 70% to 32.3 bln AMD. In the first half of 2014, the
Bank's profit totaled 1.2 bln AMD (67% year- over-year growth). The
Bank's ROA made up 3.38% versus 3.18% in the first half of 2013, and
ROE made up 13.61% versus 13.84% in the first half of 2013.
Importers Union of Armenia
by Erik Abrahamyan
ARMINFO
Sunday, September 28, 12:08
ArmSwissBank has become a partner bank for the Medicine Producers and
Importers Union of Armenia. The Memorandum of Cooperation between
ArmSwissBank and Medicine Producers and Importers Union of Armenia was
signed on September 26 during Pharma-Armenia EXPO 2014, the 6th
International Pharmaceutical Competitiveness Conference.
Under the Memorandum, one of the goals of cooperation is to find
possibilities to finance pharmaceutical enterprises, as well as to
ensure trade finance and long-term lending within international
projects.
On the margins of cooperation, ArmSwissBank intends to hold a number
of workshops to familiarize the members of the Medicine Producers and
Importers Union of Armenia with the specified services.
According to the National Statistical Service of Armenia, in 2013 the
pharmacy output in Armenia totaled 5.3 billion AMD, 29.9% more than in
2012.
To note, ArmSwissBank CJSC was founded on 7 October 2004. The founder
and CEO of "Franck Muller Watchland" Company, Vardan Sirmakes is the
owner of 11670 (80 %) ordinary shares of "ARMSWISSBANK" CJSC. 2918
(20%) ordinary shares of the Bank belong to "Belegingsmachepij Jongo"
LLC. The Bank specializes in corporate banking, investment banking and
private banking. As of 1 July 2014, the assets of ArmSwissBank
amounted to 72.3 bln AMD (24% year-over- year growth). The Bank's
authorized capital increased by 44% to 10.1 bln AMD, and the total
capital rose by 56% to 21 bln AMD. Over the same period, the Bank's
loan book grew by 11% to 30.1 bln AMD, and the portfolio of securities
increased by 70% to 32.3 bln AMD. In the first half of 2014, the
Bank's profit totaled 1.2 bln AMD (67% year- over-year growth). The
Bank's ROA made up 3.38% versus 3.18% in the first half of 2013, and
ROE made up 13.61% versus 13.84% in the first half of 2013.