YEREVAN, January 19. \/ARKA\/. Chrystie Management will become the sole shareholder of Armbusinessbank by late January, Ara Kirakosyan, chairman of Armbusinessbank\u2019s board said in an interview with ARKA News Agency.<\/p>\n
Ukrprombank that holds 13.01% of Armbusinesbank\u2019s shares has offered its shares to another shareholder, Chrystie Management.<\/p>\n
Kirakosyan said that under the law, the Chrystie Management holding 86.99% enjoys the first-priority right to purchase the remaining shares.<\/p>\n
Negotiations over the matter are under way now.<\/p>\n
\u201cI think the negotiations will be completed and the deal effected in January,\u201d Kirakosyan said adding that the cost of the deal has not been announced yet.<\/p>\n
Armbusinessbank CJSC (Arminvestbank formerly) was registered on December 1991.<\/p>\n
Chrystie Management holds 86.99%, and the remaining 13.01% belong to Ukrprombank.<\/p>\n
The bank\u2019s assets totaled AMD 96.4 billion and liabilities AMD 80.6 billion by September 30, 2009.<\/p>\n
The bank\u2019s total capital amounted to AMD 15.8 billion and authorized capital AMD 13.5 billion.<\/p>\n
Its credit investments totaled AMD 55.8 billion and liabilities to clients AMD 49.5 billion by late September 2009.<\/p>\n
Armbusinessbank\u2019s net profit for Jan-Sept 2009 amounted to AMD 466.9 million after taxation. ($1 = AMD 377.27). -0<\/p>\n","protected":false},"excerpt":{"rendered":"
Chrystie management to become sole shareholder of Armbusinessbank soon<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12311,15837,15767],"class_list":{"0":"post-6475","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armbusinessbank","9":"tag-armenia-2","10":"tag-chrystie-management-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=6475"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6475\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=6475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=6475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=6475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}