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BTA Bank (Armenia) Announces Results Of "Formula For Success" Deposi

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  • BTA Bank (Armenia) Announces Results Of "Formula For Success" Deposi

    BTA BANK (ARMENIA) ANNOUNCES RESULTS OF "FORMULA FOR SUCCESS" DEPOSIT

    ARKA
    Dec 24, 2008
    YEREVAN

    The BTA Bank (Armenia) has announced the results of a raffle on the
    Formula for Success deposit held on December 20.

    The bank's press service reports that Karapet Grigoryan won the Grand
    Prix, a Nissan Sunny car. A special commission was formed of bank
    staffers and two depositors to hold the raffle.

    All the depositors that placed money on the Formula for Success
    deposit from April 1 to December 19 (except for BTA Bank staffers)
    participated in the raffle.

    The BTA Investbank CJSC, legal successor of the International
    investment Bank founded in 1991, was renamed BTA Bank CJSC on November
    7, 2008.

    The bank is a strategic partner of one of the largest banks in
    Kazakhstan, BTA Bank JSC, which holds 48.8% of the BTA Bank authorized
    capital. The other stockholders are ZRL Company (Austria) (31.1%),
    and Kazakh-Armenian MOBILEX Company (20%).

    As of December 25, 2008, the total capital of the BTA Bank reached
    4.3bln AMD, assets 13bln AMD, liabilities 8.7bln AMD.
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