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Areximbank Registers New Branch In Erebuni

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  • Areximbank Registers New Branch In Erebuni

    AREXIMBANK REGISTERS NEW BRANCH IN EREBUNI

    PanARMENIAN.Net
    05.05.2009 12:04 GMT+04:00

    /PanARMENIAN.Net/ By decision of Central Bank chairman, a new branch
    of Areximbank was registered in Erebuni district of Yerevan, the CB
    press office reported.

    The Armenian-Russian Export-Import Bank was established in 1998 to
    support the entrepreneurship and manage the financial flows between
    Russia and Armenia.

    The bank is the principal member of VISA International and Master
    Card International payment systems, and the member of SWIFT system.

    >From October 2006 the bank participates in the German KfW bank program
    "Stable Development of the Mortgage Market".

    In August 2005, the Moscow Impexbank acquired 19,91% shares of
    Areximbank.

    On November 29 of 2007, Gazprombank (Open Joint Stock Company), having
    received the approval of the Central Bank of the Republic of Armenia,
    acquired the control package of Areximbank CJSC shares.

    Information on the share-holders, having considerable participation
    in Areximbank CJSC, their names, the volume of their participation:
    Gazprombank OJSC - 80,0854000%, Raiffeisenbank CJSC - 19,9146000%
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