YEREVAN, May 26. /ARKA/. The Central Bank of Armenia has registered Cascade, a new branch of Ameriabank, the central bank’s press office reported on Wednesday.
The Ameriabank CJSC (former Armimpexbank) was founded in July 1992 using the facilities of the Armenian branch of the USSR Vnesheconombank (Foreign Economy Bank). On September 8, 1992, the bank received a banking license from the Central Bank of Armenia.
In August 2007, TDA Holdings limited, affiliated with Troika Dialogue, Russia’s leading investment company, purchased the bank’s shares.
On November 3, 2008, Armenian Stock Exchange got the status of market-maker of IMEX Group’s shares.
According to ARKA News Agency’s data, the bank’s assets totaled AMD 110.5 billion and liabilities AMD 88.2 billion by March 31, 2010.
Its total capital amounted to AMD 22.3 billion and authorized capital AMD 18.2 billion (the biggest authorized capital in Armenia’s banking system) by late March.
Ameriabank’s credit portfolio amounted to AMD 61.4 billion.
Its liabilities to clients totaled AMD 70.8 billion and net profit for the first quarter of this year AMD 533.7 million. ($1=AMD 381.39). -0—
