Impexbank to acquire a 19.91% of Areximbank stocks.
Analytical Information Agency, Russia
April 21 2005
Impexbank intends to acquire a 19.91-percent block of shares of
commercial Areximbank, Impexbank reported to AK&M. The Central Bank
of Armenia has granted preliminary permit to Impexbank to enter
stockholders membership of Armenian Bank.
Armenian-Russian export-import Bank was established in 1998 to
support business undertakings and to serve finance flows between
Russia and Armenia.
Areximbank’s authorized capital amounts to US$4.8 million. As at 1st
of April, 2005, Areximbank’s assets were US$46.64 million. Bank’s
profit for the year 2004 rose to US$15.7 million from US$6.8 million.
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