7 ARMENIAN COMPANIES LIST ON ARMEX

ARKA
Aug 27, 2008

YEREVAN, August 27. /ARKA/. Seven local companies have listed their
bonds (9 issues) on the Armenian Stock Exchange (ARMEX), with two
being financial organizations, reported Arkadi Pinachyan, head of
ArmSwissBank’s the corporate finance department.

The total value of the bonds is 4.1bln drams. ArmSwissBank has been
the underwriter of four issues with a total yield of 2.5bln drams.

According to Pinachyan, Valletta Ltd with its two issues has signed
20% of transactions on ARMEX. He said many changes occurred in local
banking system last year, and the leaders of the stock market were
Valletta and Armenian Copper Program.

ArmSwissBank with 100% Swiss ownership was licensed on February
25, 2005.

The bank’s assets and capital totaled 22.4bln drams and 3.9bln drams
respectively as of end-June.

The first-half net profit was 92.6mln drams. The bank’s balance sheet
profit amounted to 343.2mln drams as of end-June. ($1 – 304.54 drams ).

From: Emil Lazarian | Ararat NewsPress