Wed, 9 April
12.1 C
Yerevan
USD: 391.01 RUB: 4.56 EUR: 427.33 GEL: 141.93 GBP: 498.85
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

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

LATEST NEWS

spot_imgspot_imgspot_img