"INGO ARMENIA" INSURANCE COMPANY GRANTED NONLIFE REINSURANCE LICENCE

Noyan Tapan
Oct 22, 2008

YEREVAN, OCTOBER 22, NOYAN TAPAN. At the October 21 sitting, the
Board of the Central Bank of Armenia (CBA) approved the estimate of
CBA’s expenditures for 2009, as well as made a decision on granting
a nonlife reinsurance licence to Ingo Armenia insurance company.

According to the CBA PR Service, the CBA Board granted pemission to
particiate in Anelik foreign payment and account system to Depi Tun
LLC, and permission to participate in Money Gram foreign payment and
account system to Armbusinessbank CJSC.