IN 2006 “ARDSHININVESTBANK” INTENDS TO GIVE AMD 45 MLN TO RA NATIONAL OLYMPIC COMMITTEE

ARKA News Agency, Armenia
April 19 2006

YEREVAN, April 19. /ARKA/. In 2006, “Ardshininvestbank” intends to
give AMD 45 mln to the RA National Olympic Committee for development of
Olympic sports. According to the President of the bank Aram Andreasyan,
AMD 22,6 mln of this sum was already spent in Q1, 2006.

In his words, this money will be spent on trainings of Armenian team
of heavy athletics within the bounds of preparation for 29th Olympic
Games in 2008. “We hope that our team of heavy athletics will win
prizes at the Olympiad in China and will represent Armenian on high
level”, Andreasyan stated.

“Ardshininvestbank” CJSC was given license (N 83) by the CBA for
banking activities on February 27, 2003. The founder of the bank is
Russian “International Business-Center” financial industrial group.

100% shares of the bank belong to two enterprises, members of this
group. ($1 – AMD 450,15).