ARKA News Agency – 11/10/2004

ARKA News Agency
Nov 10 2004

First in the world chess Internet-tournament to take place on Dec
18-23 in Yerevan

NKR president signs the law on mass media

CBA Council approves changing of address of Ardshininvestbank

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FIRST IN THE WORLD CHESS INTERNET-TOURNAMENT TO TAKE PLACE ON DEC
18-23 IN YEREVAN

YEREVAN, November 10. /ARKA/. First in the world chess
internet-tournament to take place on Dec 18-23 in Yerevan,
International Grand Master Smbat Lputian stated today. According to
him, the tournament will be dedicated to 75th anniversary of 9th
chess world champion Tigran Petrosian.
The tournament will include teams from Armenia, Russia, France and
China. Prize fund of the tournament makes $55 thousand. 1st place –
$20 thousand, 2nd – $15 thousand and 3rd – $12, 4th – 8.
The organizers of the tournament are Chess Academy and Armenian Chess
Federation. L.D. –0–

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NKR PRESIDENT SIGNS THE LAW ON MASS MEDIA

STEPANAKERT, November 10. /ARKA/. NKR President Arkadi Ghukasyan
signed law on mass media. According to the Information Department
adjunct to NKR Government, Ghukasyan also signed law on citizens who
avoided military service by violating the set order”.
Laws were adopted by NKR NA on October 20, 2004. A.H. –0–

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CBA COUNCIL APPROVES CHANGING OF ADDRESS OF ARDSHININVESTBANK

YEREVAN, November 10. /ARKA/. CBA approved the changing of address of
CJSC Ardshininvestbank. As CBA Press Service told ARKA, on its
sitting of November 9, 2004 the CBA Council took a decision to
approve the address of the bank that is Yerevan, St. Lusavorish 13
and Lusavorich 13/1.
Ardshininvestbank CJSC was founded on May 25, 2003 and received its
license (#83) on Feb 27, 2003. The founder of Ardshininvestbank is
International Business Centre Russian financial industrial group.
100% of the bank’s shares are owned by two enterprises involved in
the group.
The bank was granted its banking activity license # 83 by CBA on 27
Feb 2003.
The banks’ total capital made AMD 5 bln. as of September 30, 2004,
its authorized stock capital- AMD 3 mln., the assets-AMD 35,1 bln.,
the profit for Q 3, 2004-AMD 1354,3 mln., balance profit -AMD 1985,3
mln. ($1 -AMD 507,03). Ardshininvestbank is one of the leading banks
as per volume of assets, credit investments, securities investments,
attraction from legal and physical entities, assets return and
capital. As per size of the total assets the bank ranks the third,
while asp per sum of the profit generated in an-Sep the second in
Armenian banking system. (1 USD – AMD 503.25). T.M.–0–

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