Tweet
RUSSIAN "GAZPROMBANK" PURCHASED 80% SHARES OF "AREXIMBANK"
Mediamax Agency
Dec 3 2007
Armenia
Yerevan, December 3 /Mediamax/. Russian "Gazprombank" gained approval
of the Central Bank of Armenia and purchased 80.09% shares of
"Areximbank" CJSC.
Mediamax reports that the sum of the deal is not disclosed.
The press service of "Gazprombank" noted that the decision on
acquisition of "Areximbank" "is conditioned by the growing trade
turnover between the two countries, the growth of investments of
Russian companies into the Armenian economy, corporate customers'
need of complex banking maintenance, as well as the need of funding of
"Gazprom" OJSC projects in the territory of Armenia".
"Gazprom" noted that the main directions of "Areximbank" activities
will be the account-cash operations, crediting, trade and project
funding for large corporate customers. The potential customers
of "Areximbank" are large companies from Armenia and subsidiary
organizations of Russian enterprises.
"Areximbank" will continue providing services to individuals as well.
The First Vice-President of "Gazprombank" Olga Kazanskaya stated
that "in medium-term prospect, "Areximbank" will become one of the
leaders of the banking system of Armenia in the sphere of financing
strategically important branches of the country's economy".
Mediamax notes that the structure of "Areximbank" share-holders had the
following composition: "Finmarket" CJSC - 52.08%, "Impexbank" OJSC -
19.91% and "ROSKRED RESOURCES AND CONSULTING LIMITED" LLC - 28.01%.
Basing on the fact that "Gazprombank" purchased 80.09% of "Areximbank"
CJSC, one may come to a conclusion that "Finmarket" CJSC and "ROSKRED
RESOURCES AND CONSULTING LIMITED" LLC sold their shares of the Armenian
bank and the Russian "Impexbank" remained the owner of 19.91% of
"Areximbank".
Mediamax Agency
Dec 3 2007
Armenia
Yerevan, December 3 /Mediamax/. Russian "Gazprombank" gained approval
of the Central Bank of Armenia and purchased 80.09% shares of
"Areximbank" CJSC.
Mediamax reports that the sum of the deal is not disclosed.
The press service of "Gazprombank" noted that the decision on
acquisition of "Areximbank" "is conditioned by the growing trade
turnover between the two countries, the growth of investments of
Russian companies into the Armenian economy, corporate customers'
need of complex banking maintenance, as well as the need of funding of
"Gazprom" OJSC projects in the territory of Armenia".
"Gazprom" noted that the main directions of "Areximbank" activities
will be the account-cash operations, crediting, trade and project
funding for large corporate customers. The potential customers
of "Areximbank" are large companies from Armenia and subsidiary
organizations of Russian enterprises.
"Areximbank" will continue providing services to individuals as well.
The First Vice-President of "Gazprombank" Olga Kazanskaya stated
that "in medium-term prospect, "Areximbank" will become one of the
leaders of the banking system of Armenia in the sphere of financing
strategically important branches of the country's economy".
Mediamax notes that the structure of "Areximbank" share-holders had the
following composition: "Finmarket" CJSC - 52.08%, "Impexbank" OJSC -
19.91% and "ROSKRED RESOURCES AND CONSULTING LIMITED" LLC - 28.01%.
Basing on the fact that "Gazprombank" purchased 80.09% of "Areximbank"
CJSC, one may come to a conclusion that "Finmarket" CJSC and "ROSKRED
RESOURCES AND CONSULTING LIMITED" LLC sold their shares of the Armenian
bank and the Russian "Impexbank" remained the owner of 19.91% of
"Areximbank".