Fri, 4 April
13.1 C
Yerevan
USD: 391.32 RUB: 4.67 EUR: 432.53 GEL: 141.78 GBP: 514.27
spot_img

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img