Mon, 25 August
30.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Chrystie management to become sole shareholder of Armbusinessbank soon

YEREVAN, January 19. /ARKA/. Chrystie Management will become the sole shareholder of Armbusinessbank by late January, Ara Kirakosyan, chairman of Armbusinessbank’s board said in an interview with ARKA News Agency.

Ukrprombank that holds 13.01% of Armbusinesbank’s shares has offered its shares to another shareholder, Chrystie Management.

Kirakosyan said that under the law, the Chrystie Management holding 86.99% enjoys the first-priority right to purchase the remaining shares.

Negotiations over the matter are under way now.

“I think the negotiations will be completed and the deal effected in January,” Kirakosyan said adding that the cost of the deal has not been announced yet.

Armbusinessbank CJSC (Arminvestbank formerly) was registered on December 1991.

Chrystie Management holds 86.99%, and the remaining 13.01% belong to Ukrprombank.

The bank’s assets totaled AMD 96.4 billion and liabilities AMD 80.6 billion by September 30, 2009.

The bank’s total capital amounted to AMD 15.8 billion and authorized capital AMD 13.5 billion.

Its credit investments totaled AMD 55.8 billion and liabilities to clients AMD 49.5 billion by late September 2009.

Armbusinessbank’s net profit for Jan-Sept 2009 amounted to AMD 466.9 million after taxation. ($1 = AMD 377.27). -0

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img