YEREVAN, July 24./ARKA/. The authorized capital stock of Areximbank-Gazprombank Group rose by 4,104,851,400 drams, the bank said Wednesday.
“The capital has increased due to the only shareholder of the bank, Russian Gazprombank,” the source states.
Thus, Areximbank-Gazprombank Group has fifth largest authorized capital in Armenia. As of now it values at 16,452,129,954 drams.
Areximbank-Gazprombank Group was established in 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. Russia’s Gazprombank has been the sole owner of the bank since 2007. The bank has successfully passed ISO 9001: 2008 certification on compliance with international requirements. The bank has 16 branches, including those in 9 regions of Armenia. Seven branches are located in Armenia’s capital Yerevan. —0-
