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

EBRD to provide $20 million to support refugees and young entrepreneurs in Armenia

The EBRD will provide $20 million (€17.1 million) to improve access to finance for refugees and young entrepreneurs in Armenia, the EU Delegation to Armenia announced on Facebook.

Euro, US dollar, and ruble fall against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of June 10, 2026, fell by 0.01 points compared to June 9, to 368.44 drams.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Idram and IDBank continue their traditional series of financial and digital literacy training programs

Idram and IDBank continue their traditional series of financial and digital literacy training programs.

Wildberries and Unibank in Armenia Launch Installment Purchase Service

Wildberries, in partnership with Unibank, will provide customers in the Republic of Armenia with the opportunity to purchase goods in installments.

LATEST NEWS

spot_imgspot_imgspot_img