Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Russia’s Gazprombank to increase authorized capital in Areximbank-Gazprombank Group by $10 million

YEREVAN, February 8. /ARKA/. Russia’s Gazprombank said it plans to increase its authorized capital in its Armenian-based Areximbank-Gazprombank Group by $10 million in 2012. In a press release Gazprombank said to increase the authorized capital in Areximbank-Gazprombank Пroup it will issue additional shares.

On January 1, 2012 the total capital of CJSC Areximbank-Gazprombank Group amounted to 15.7 billion drams, having increased by 830 million drams or 5.6%. over the same period of 2011ю

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Euro to Armenian dram exchange rate increased slightly – Central Bank data

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 10, 2025, decreased by 0.29 points compared to June 10 and amounted to 383.25 drams.

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

LATEST NEWS

spot_imgspot_imgspot_img