Thu, 7 August
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian central bank registers branches of Areximbank-Gazprombank Group as branches of Ardshinbank

YEREVAN, January 16. /ARKA/. Armenia’s Central Bank said today it has registered 16 branches of Areximbank-Gazprombank Group as branches of Ardshinbank. The regulator has also registered a new ‘Yerevan’ branch of Ardshinbank.

By the end of the third quarter Areximbank-Gazprombank Group ran 16 branches, Ardshinbank ran 55 branches.

On January 10, 2017 the Central Bank approved a merger agreement signed earlier by Areximbank-Gazprombank Group and Ardshinbank. The Central Bank also revoked a license №80 awarded to Areximbank-Gazprombank Group. The decision enters into force upon signature.

The merger deal between the two banks was concluded on the 7th of October 2016. According to official reports, all shares of Areximbank-Gazprombank Group were acquired by Region financial and industrial corporation, the sole shareholder of which is a Russia-based businessman of Armenian origin Karen Safaryan, who is also the ultimate beneficiary and chairman of Ardshinbank board.

Ardshinbank was founded in 2003. It has an office in Paris and is one of the three leading Armenian banks.

Areximbank-Gazprombank Group was founded in 1998. It was a subsidiary of Russian Gazprombank. -0-

spot_img

POPULAR

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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.

LATEST NEWS

spot_imgspot_imgspot_img