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Tag: Bank of Cyprus

Bank of Cyprus completes sale of its 100% stake in Uniastrum to Artem Avetisyan

Banks
Russian business daily ‘Kommersant’ said the Bank of Cyprus has completed the sale of its 100% stake in its Russian subsidiary – Uniastrum - to Artem Avetisyan (ethnic Armenian businessman, based in Russia), for 7 million euros

Artyom Avetisyan buys 80% of Uniastrum bank

Banks
The Bank of Cyprus (BoC) said on Friday it had agreed to sell 80% stake in its Russia's subsidiary Uniastrum Bank to Artyom Avetisyan, the majority shareholder in Russian Regional Credit Bank. Artyom Avetisyan will also buy 80% in Uniastrum Leasing, Banki.ru reported citing the Bank of Cyprus

Bank of Cyprus rejects chairman’s resignation

Banks
he Bank of Cyprus has refused to accept the resignation of its chairman and four other board members as the island state continues to be gripped by confusion over its 10 billion-euro bailout

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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