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CB Registers New Branches of Armbusinessbank and Armeconombank

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  • CB Registers New Branches of Armbusinessbank and Armeconombank

    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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