Mon, 20 October
8.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Armbusinessbank refuted alleged purchase of its control stock by head of presidential control service

YEREVAN, March 28. /ARKA/. Armenian Armbusinessbank denied allegations at Zhoghovurd newspaper about purchase of its control stock by the head of Control Service of Armenian President Hovhannes Hovsepyan.

It’s nothing but rumors and has no basis, the bank said in responding ARKA agency’s question.
The only stockholder of Armbusinessbank today is Christie Management company, the source in the bank said.

Today’s issue of Zhoghovurd reported, referring to its sources, that the head of the presidential Control Service Hovhannes Hovsepyan acquired the control stock of Armbusinessbank. The newspaper says Hovsepyan’s well-to-do brother, Hakob, mediated the deal.

Press secretary of Hovhannes Hovsepyan told the newspaper that Hovsepyan has no relations with the bank.

Armbusinessbank is a universal bank offering financial services to corporate and private clients. The Bank is a member of SWIFT, Anelik,Contact, Money Gram , Bistraya Pochta, Migom and Interexpress international systems, as well a member of local ArKa, international MasterCard and Visa International payment systems.

Armbusinessbank cjsc (called Arminvestbank before August 26, 2006) was registered on December 10, 1991.–0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img