{"id":100535,"date":"2016-08-15T10:43:30","date_gmt":"2016-08-15T10:43:30","guid":{"rendered":"https:\/\/armbanks.am\/2016\/08\/15\/245062\/"},"modified":"2024-12-15T13:24:57","modified_gmt":"2024-12-15T13:24:57","slug":"armeconombanks-normative-capital-to-reach-amd-27-billion-after-its-merger-with-bta-bank-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/08\/15\/100535\/","title":{"rendered":"Armeconombank\u2019s normative capital to reach AMD 27 billion after its merger with BTA Bank (Armenia)"},"content":{"rendered":"<p><strong>YEREVAN, August 15. \/ARKA\/.<\/strong> Armeconombank\u2019s normative capital will reach AMD 27 billion after its merger with BTA Bank (Armenia), the press office of Armeconombank reported after the two banks\u2019 shareholders met on Monday.<\/p>\n<p>Armeconombank\u2019s assets will total AMD 134 billion and liabilities AMD 110 billion after the merger.<\/p>\n<p>On May 6, the Central Bank of Armenia gave its preliminary approval to the two banks\u2019 merger agreement.<\/p>\n<p>According to the press release, the shareholders upheld Armeconombank\u2019s amended regulations and the handover act, which will be submitted to the central bank for registration.<\/p>\n<p>\u201cIn three day from the moment of the handover act confirmation by the regulator BTA Bank\u2019s license will become not valid,\u201d Armeconombank says in its press release.<\/p>\n<p>The press office says that the merger will allow Armeconombank to strengthen its position in Armenia\u2019s banking sector and will give it new competitive advantages.<\/p>\n<p>As a result of the merger, the number of branches will reach 46 and ATMs 100. The number of clients will increase as well and the range of services will expand.<\/p>\n<p>Armeconombank was registered in 1991. Its shareholders are EBRD (11.05%), Saribek Sukiasyan (25.98%), Khachatur Sukiasyan (14.38%), Robert Sukiasyan (14.97%) and Eduard Sukiasyan (11.18%).<\/p>\n<p>Armeconombank\u2019s assets totaled AMD 114.1 billion and liabilities AMD 95.6 billion by the end of the second quarter of 2016. Its total capital amounted to AMD 18.5 billion.<\/p>\n<p>BTA Bank was established in 1991. Its shareholders are BTA Bank (Kazakhstan) \u2013 65.2%, ZRL Beteilingungs (Austria) -31.1% and &#8220;PSC AMK-Invest&#8221; LLC- 3.7%. &#8212;0&#8212;-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armeconombank\u2019s normative capital will reach AMD 27 billion after its merger with BTA Bank (Armenia), the press office of Armeconombank reported after the two banks\u2019 shareholders met on Monday<\/p>\n","protected":false},"author":1,"featured_media":167993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12196,14240,12211,12233],"class_list":["post-100535","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armeconombank","tag-bta-bank-armenia","tag-capital","tag-merging"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Armeconombank\u2019s normative capital will reach AMD 27 billion after its merger with BTA Bank (Armenia), the press office of Armeconombank reported after the two banks\u2019 shareholders met on Monday\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armeconombank,bta bank (armenia),capital,merging\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2016\/08\/15\/100535\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armeconombank\u2019s normative capital to reach AMD 27 billion after its merger with BTA Bank (Armenia) - 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