Inecobank Launches New Malatia Subsidiary


27.07.2009 17:27 GMT+04:00

/PanARMENIAN.Net/ Inecobank launched a new Malatia subsidiary at 39/3
Raffi Str., Yerevan, Inecobank Pres Service reported.

Public utility payments, money transfers, investments and other
banking services can be effected at Malatia subsidiary.

Inecobanks CJSC was established in 1996. During its activity,
Inecobank CJSC has gained a reputation of secure and reliable bank
with increasing profitability level and pace of development. The
international shareholders of the Bank are IFC – 10% and DEG –
13.5%. As of 31 March 2009: total capital – 9 357 105 thousand dram,
the assets – 48 442 912 thousand dram, the liabilities – 39 085 807
thousand dram.