ARMSWISSBANK granted access to NASDAQ OMX ARMENIA credit resources market

Banks

YEREVAN, March 22./ARKA/. ArmSwissbank has already obtained permission to take part in auctions at NASDAQ OMX Armenia stock exchange’s lending market, the stock exchange’s press office reported on Thursday.
It means that now the bank has access to all the markets of NASDAQ OMX Armenia.
Karen Turyan, director of ArmSwissbank’s investment division, answering ARKA News Agency’s question, said that this gives the bank an opportunity to attract cheaper financial resources and get one-day loans called overnight.
“Armswissbank, one of the leading universal banking institutions in Armenia, combines the advantages of corporate, investment and private banking,” the press release says.
The bank got membership in the Armenian stock exchange in 2007.
Now 26 organizations are members of NASDAQ OMX Armenia and six companies are participants of the market.
NASDAQ OMX Armenia (former Armenian Stock Exchange, Armex), was established in 2001 as a voluntary merger of broker (dealer) companies.
In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After NASDAQ and OMX merged in March 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.
On January 27, 2009, Armenian Stock Exchange was renamed NASDAQ OMX Armenia.
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.
ArmSwissBank was registered on November 22, 2004 with 100% Swiss capital, and on February 25, 2005, it got its license from the Central Bank of Armenia. The sole owner of the bank is Vardan Sirmakes, a Swiss businessman of Armenian descent. -0—

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