Chrystie Management buys Armbusinessbank

YEREVAN, December 18. /ARKA/. Press-service of Armbusinessbank informed that  Chrystie Management will become 100% owner of Armbusinessbank. Till now Chrystie Management owned 86.99% of shares of Armbusinessbank and the remaining 13.01% of shares belonged to Ukrprombank. Ukrainian owner is intended to give its shares to Chrystie Management.

According to the data of “ARKA”, assets of the bank as of September 30, 2009 were 96.4 billion drams, liabilities – 80.6 billion drams, total capital – 15.8 billion drams with charter capital of 13.5 billion drams, credit investments – 55.8 billion drams, liabilities towards the clients – 49.5 billion drams and the net income during January – September 2009 after paying taxes is 466.9 billion drams. As of September 30 the Bank has 21 branches. –0-

spot_img

POPULAR

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

LATEST NEWS

spot_imgspot_imgspot_img