Armenian Central Bank Registers New Branches Of Armbusinessbank And

ARMENIAN CENTRAL BANK REGISTERS NEW BRANCHES OF ARMBUSINESSBANK AND ARMECONOMBANK

arminfo
2007-07-06 12:50:00

The Central Bank of Armenia (CB) has registered new branches of
Armbusinessbank (ABB) and Armeconombank, CB press-service told
ArmInfo. CB Chairman made a relevant decision on July 3 2007.

These are the new branches of ABB: Stepanakert (Stepanakert city,
st.Lusavorich 31), Vardanants (Yerevan city, st. Vardanats 6/1)
and Kajaran (town of Kajaran, st. Lernagortsi 15 ). The new branches
of Armeconombank are Noragavit (Yerevan, st.Arshakunyats 127/2). In
addition, the CB registered the new address Nor Horizon UCC branch
Vanadzor (town of Vanadzor, st. Tigran Mets 48/1).

As of January 1 2007, ABB branch network comprised 1 branch in the
capital city, and Armeconombank had 43 branches (18 in the capital
city, 24 in regions and 1 in NKR). Armeconombank occupies the third
position in the banking system of Armenia by the number of affiliated
banks.

Nor Horizon UCC, which was licensed by the CB in March 2006, had 4
branched in the towns of Ijevan, Sevan, Kapan and Vanadzor.

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