RosBusinessConsulting Database
September 12, 2008 Friday 5:34 AM EST
Gazprombank acquires bank in Armenia
Gazprombank has increased its stake in Areximbank, a Russian-Armenian
export-import bank, to 100 percent, by purchasing 5.85 percent of the
bank’s common shares, Gazprombank’s press office reported. The Russian
bank acquired 80 percent in Areximbank in November 2007. In July 2008,
the Armenian-based bank made an additional share issue, which was also
scooped up by Gazprombank, and its stake in the former rose to 94.15
percent.
As of July 1, Areximbank’s assets totaled $110.5m, equity amounted to
$31.8m, and share capital stood at $28.1m.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2008/09/14/gazprombank-acquires-bank-in-armenia/
