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

Financial Technology as a Sales Engine: IDBank Presented Its Fintech Ecosystem at Mantashyants Global Business Forum 2026

How modern fintech solutions are changing consumer behavior, expanding financial opportunities for businesses, and stimulating the economy was the focus of the presentation "When Financial Technology Becomes a Sales Engine," delivered by Grigori Yolyan, Head of the Commercial Partnership Department at IDBank, during Mantashyants Global Business Forum 2026.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 29, 2026, fell by 0.06 points compared to June 26, to 368.06 drams.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

A mechanism for restructuring banks instead of liquidation has been introduced in Armenia

At an extraordinary meeting on Friday, the National Assembly of Armenia adopted the law “On Bank Restructuring” and a number of related laws in the second and final reading.

LATEST NEWS

spot_imgspot_imgspot_img