Sun, 27 July
33.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Gazprombank sells its Armenian subsidiary Areximbank to investors from Armenia

YEREVAN, October 11. /ARKA/. Gazprombank has sold Areximbank, its Armenian subsidiary, which got under US sanctions in September, to a group of investors from Armenia, RIA Novosti reported on Monday referring to Gazprombank.

“Gazprombank has sold 100% of Areximbank’s shares to a group of investors from Armenia,” the bank’s press office says. “Along with that, Gazprombank continues participating in the implementation of a number investment projects in this republic [Armenia].”

It was reported earlier that on October 7 Gazprombank stopped running 100% of the Armenian-Russian Export-Import Bank.

The Office of Foreign Assets Control of the US Department of the Treasury imposed sanctions against a number of subsidiaries of Russia’s Gazprombank and other entities.

Areximbank stated then that the sanctions will have no impacts on clients and the bank’s work. –0—

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img