ASSETS OF ARMENIAN UNIBANK GROW 39% TO $211 MILLION

ARKA
July 22

Assets of Armenian Unibank reached $211 million in 2008, after growing
39%, compared with the previous year, the bank’s press office reports.

The bank’s credit portfolio has grown 31% ower the first half of 2008
to $137 million.

Unibank attracted $153 million in Jan/June 2008 (28% growth, compared
with the same period a year earlier).

Time deposits of individuals reached $101.3 million after growing 28%.

Unibank was established in 2001. Uniastrum Asset Management holds 50%
of the banks stocks and Evainvest OJSC holds the remaining 50%. ($1 –
AMD 301.33)