{"id":96206,"date":"2016-03-21T12:04:02","date_gmt":"2016-03-21T12:04:02","guid":{"rendered":"https:\/\/armbanks.am\/2016\/03\/21\/244360\/"},"modified":"2024-12-15T13:22:46","modified_gmt":"2024-12-15T13:22:46","slug":"armeconombanks-normative-capital-to-amount-to-amd-23-billion-after-merger-with-bta-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/03\/21\/96206\/","title":{"rendered":"Armeconombank&#8217;s normative capital to amount to AMD 23 billion after merger with BTA Bank"},"content":{"rendered":"<p><strong>YEREVAN, March 21. \/ARKA\/.<\/strong> Armeconombank&#8217;s normative capital will amount to AMD 23 billion after merger with BTA Bank, the pres office of Armeconombank reported on Friday.<br \/>\nIts normative capital amounted to AMD 13.2 billion in 2015.<\/p>\n<p>The memorandum on the merger of the banks was signed December 8 in Almaty (Kazakhstan) by top managers of BTA Bank Armenia and Armeconombank.<\/p>\n<p>According to the press release, shareholders of both banks, at their extraordinary meetings were unanimous in approving the merger.<\/p>\n<p>An appropriate contract will be submitted to the Central Bank of Armenia very soon.<\/p>\n<p>The banks decided to merge to increase their capital in compliance with the central bank\u2019s demand to commercial banks that obliges them to have no smaller than AMD 30-billion capital starting from January 1, 2017 instead of the 5 billion they must have now.<\/p>\n<p>The central bank took this step to prompt commercial banks to merge and to improve their services, which will contribute to formation of healthy competition environment.<\/p>\n<p>Armeconombank founded in 1991 is owned by EBRD -20%, Saribek Sukiasyan- 22.6%, Khachatur Sukiasyan \u2013 19.5% and Robert Sukiasyan \u2013 15.3%. The bank\u2019s assets stood at 108.7 billion drams in 2015 (growth of 18.36%), its liabilities stood at 97.7 billion drams (up 20.92%), the capital was worth 11 billion drams (a decline of 0.34%). The bank closed the year with 368.7 million drams worth profit.<\/p>\n<p>BTA Bank was founded in 1991. Its shareholders are BTA Bank (Kazakhstan) \u2013 65.2%, ZRL Beteilingungs (Austria) -31.1% and PSC AMK-Invest LLC- 3.7%.<br \/>\nThe bank\u2019s assets totaled 14.9 billion in 2015 (9.21% decline) and its liabilities AMD 9.6 billion (11.2% decline). Its capital amounted to 5.3 billion (5.52%). The bank closed the year with losses amounting to AMD 187.3 million. ($1 \u2013 AMD 486.07). &#8211;0&#8212;-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armeconombank&#8217;s normative capital will amount to AMD 23 billion after merger with BTA Bank, the pres office of Armeconombank reported on Friday<\/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":[12196,12652,12233,14146],"class_list":{"0":"post-96206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armeconombank","10":"tag-bta-bank","11":"tag-merging","12":"tag-normative-capital"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/96206","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=96206"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/96206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/167993"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=96206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=96206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=96206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}