Armeconombank and SIL Insurance recognized by central bank as joint financial group

YEREVAN, April 18. /ARKA/. The Central Bank of Armenia has qualified Armeconombank OJSC and SIL Insurance CJSC as a financial group – SIL Multifunctional Financial Group.

The bank reports on its website that the regulator has also empowered Armeconombank to run SIL Multifunctional Financial Group as responsible entity.

Armeconombank was registered on August 26, 1991. It was the first bank in Armenia to be reorganized into a joint stock company. In February 2009, the bank became a member of NASDAQ OMX Armenia stock exchange and in July 2015 a member of the central Depositary’s securities system.

The bank shareholders are Saribek Sukiasyan – 31.32%, Khacahtur Sukiasyan 13.77%, Robert
Sukiasyan 14.15%, Eduard Sukiasyan – 10.64% and the European Bank for Reconstruction and Development – 5.04%.

SIL Insurance, registered on March 2, 2000 had been established by the Sukiasyans as well.
On March 25, 2008, the company was re-registered and re-licensed. –0—-

spot_img

POPULAR

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Polytechnic University Graduation Ceremony Held with the Support of Unibank

As one of the benefactors of the National Polytechnic University of Armenia (NPUA), Unibank supported the organization of the graduation ceremony for the University’s 93rd graduating class. 

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img