Sun, 24 August
35.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian Postbank to open its first branches in spring

YEREVAN, February 4. /ARKA/. Armenian transport and communications minister Gurgen Sarkisian said today the PostBank will open its first branches in Yerevan in spring.

Earlier the chief manager of Haypost Trust Management company, Juan Pablo Gechidjian, said PostBank would offer its services by the end of the first half of 2010.

Speaking to journalists today, minister Sarkisian said PostBank’s branches will be established on the basis of Haypost (Armenian Post) divisions in all regions of the country to make its services more accessible to the citizens.

Establishment of PostBank is part of a $12 million worth project designed to modernize Armenia’s post services until 2012. In 2008 September Armenian Central Bank agreed to grant Armenian PostBank a license for providing banking services.

The PostBank with a 5 billion Drams charter capital is owned fully by an Argentinean Armenian businessman Eduardo Eurnekian, who is the owner of American International Airports, that was given the concessional management of Yerevan Zvartnots airport. He owns also the Converse Bank.

Under a 2006 November agreement HayPost was placed under the trust management of Dutch

Haypost Trust Management for a 5 year term . The contract may be prolonged for another five year. -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.

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.

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.

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