Sun, 24 August
30.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armeconombank negotiating to merge with BTA Bank

YEREVAN, October 20. /ARKA/. Armeconombank OJSC is negotiating now to merge with Kazakhstan’s BTA Bank CJSC in Armenia, Anna Mkrtchyan, the press secretary of Armeconombank, told ARKA News Agency on Tuesday.

In her words, the bank is now conducting legal and financial audit in BTA Bank CJSC for merger.
The audit process will last up to two months, and after that the deal is likely to be sealed.
“This will be a significant event in the banking sector,” she said. “Armeconimbank is considered a core bank in Armenia, and it tries to be first in everything.”

Armeconombank was registered on August 26, 1991. European Bank for Reconstruction and Development holds 20% of the bank’s shares, 22.6% belong to Saribek Sukiasyan, 19.5% to Khachatur Sukiasyan and 15.3% to Robert Sukiasyan.

BTA Bank CJSC was established in 1991. BTA Bank CJSC is a strategic partner to BTA Bank JSC, one of the largest banks of Kazakhstan, who holds 65.2% of Armenian BTA Bank’s shares. The reaming shares belong to Austria’s ZRL Beteilingungs (31.1%) and PSC AMK-Invest LLC (3.7%). —-0—

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

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

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

LATEST NEWS

spot_imgspot_imgspot_img