ZHOGHOVURD: ARMSWISSBANK AND ARTSAKHBANK TO DECLARE MERGER
10:53 10/02/2015 >> DAILY PRESS
Armswissbank and Artsakhbank will declare a merger soon, Zhoghovurd writes.
Speaking to the newspaper, a representative of Artsakhbank denied the
report. The newspaper has learnt, however, that 43.1% of Artsakhbank’s
shares and 80% of Armswissbank’s shares belong to the same person,
Vartan Sirmakes.
“It is known that it is shareholders that make a decision on banks’
merger. And the presence of the same shareholder in two banks
facilitates this process to a great extent,” the newspaper notes.
Source: Panorama.am