Gazprombank intends expanding business in Armenia, Korenev says

YEREVAN, August 31. /ARKA/. Russia’s Gazprombank company intends to expand its business  in Armenia, Deputy Chairman of  Gazprombank Management Board Nikolay Korenev said Friday at the meeting with Armenian PM Tigran Sargsyan in Yerevan.
“Armenia’s Prime Minister welcomed such initiative and noted that this step will foster competition growth and development in the banking system ,” the government reported to ARKA.
“We hope our meetings will enhance our bilateral cooperation and activate the implementation of joint programs in the banking system,” Mr. Sargsyan said.
At the meeting the sides discussed commercial-economic programs between Armenia and Russia which are prepared by the Armenian-Russian intergovernmental commission, perspectives for development of Yerevan’s Nairit Chemical Plant, as well as the issues related to Armenian-Russian regional forums which may involve Gazprombank.
Gazprombank bought 80% stock of Areximbank in November 2007. In July 2008 Gazprombank obtained 94.15% stock of Areximbank. In 2008 Gazprombank became the owner of 100% stock of Areximbank.
Areximbank-Gazprombank Group CJSC (former Areximbank, renamed on June 12, 2009) was established in August 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. E.O.—0–

YEREVAN, August 31. /ARKA/. Russia’s Gazprombank company intends to expand its business  in Armenia, Deputy Chairman of  Gazprombank Management Board Nikolay Korenev said Friday at the meeting with Armenian PM Tigran Sargsyan in Yerevan.

“Armenia’s Prime Minister welcomed such initiative and noted that this step will foster competition growth and development in the banking system ,” the government reported to ARKA.

“We hope our meetings will enhance our bilateral cooperation and activate the implementation of joint programs in the banking system,” Mr. Sargsyan said.

At the meeting the sides discussed commercial-economic programs between Armenia and Russia which are prepared by the Armenian-Russian intergovernmental commission, perspectives for development of Yerevan’s Nairit Chemical Plant, as well as the issues related to Armenian-Russian regional forums which may involve Gazprombank.

Gazprombank bought 80% stock of Areximbank in November 2007. In July 2008 Gazprombank obtained 94.15% stock of Areximbank. In 2008 Gazprombank became the owner of 100% stock of Areximbank.

Areximbank-Gazprombank Group CJSC (former Areximbank, renamed on June 12, 2009) was established in August 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. E.O.—0–

spot_img

POPULAR

Continuous liquidity and fair pricing must be ensured in the Armenian foreign exchange market — Central Bank

One of the main tasks of the Central Bank of Armenia is to ensure continuous liquidity and fair pricing in the foreign exchange market, stated Martin Galstyan, head of the regulator.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

AMX’s key goal is integration into international capital markets – CEO

One of the key goals of the Armenia Securities Exchange (AMX) is the integration of the Armenian capital market into international markets, stated AMX CEO Hayk Yeganyan.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img