Tue, 29 April
16.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Armeconombank executive director replaced

YEREVAN, October 6, /ARKA/. The Armeconombank said October 5 its board dismissed the bank’s executive officer David Sukiasian, who had asked it to relieve him of the job because of taking up another one.

David Sukiasian was appointed the bank’s executive director in 2006 June. He replaced Ashot Osipyan. On Tuesday the board appointed David Sukiasian as an advisor to bank’s board chairman. Armen Naljian, a board member, was appointed acting executive director.

The Sukiasians family holds 53.4% in the bank, 25% plus one share is owned by the European Bank for Reconstruction and Development (EBRD) and 22% are held by minority shareholders.

On June 30 the bank’s total assets stood at 45.1 billion Drams, liabilities at 36.7 billion Drams, its total capital was worth 8.4 million Drams, the chartered capital – 2.3 billion Drams, credit investments amounted to 24 billion Drams and deposits stood at 23.2 billion Drams. In the first half the bank sustained 162.9 million Drams of losses. It has 34 branches in Armenia and a branch in Nagorno-Karabakh. ($1- 362.76 Drams). -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img