ARMENIAN AMERIABANK JOINS ARMEX

ARKA
oct 28, 2008

YEREVAN, October 28. /ARKA/. Ameriabank CJSC joined Armenian Stock
Exchange (Armex) this October 24. Armex membership will enable
Ameriabank to carry out exchange transactions in all corporate
securities listed on Armex, as well as in Government bonds and
foreign currency.

The Ameriabank CJSC (former Armimpexbank) was established in July,
1992, as the Armenian branch of the USSR Vnesheconombank. On September
8, 1992, the Central Bank of Armenia licensed Armimpexbank.

Last August the TDA Holding Limited, affiliate of the Russian Troika
Dialog, became the bank’s shareholder. The bank was renamed Ameriabank
this May.

The capital of Ameriabnak reached 18.8bln AMD on September 30, with
total assets being 41.8bln AMD, liabilities 23bln AMD and profit
429.4mln AMD in January-September.

According to ARKA News Agency, Ameriabank is the eighth out of
22 Armenia’s commercial banks in terms of assets, 12th in terms
of liabilities and fourth in terms of capita. It has the largest
authorized capital amounting to 17bln AMD.

Armenian Stock Exchange (Armex) was established in 2001 as a
self-regulatory organization when 21 brokerage firms voluntarily
merged. Armex was reorganized into a joint-stock company last November.

OMX Group (currently NASDAQ OMX) acquired 100% of shares of the
Armenian Stock Exchange (Armex) and the Central Depository of Armenia
(CDA) this January 7.

Armex currently has 15 member-companies, with six of them being
commercial banks. ($1 – 308.63AMD).

From: Emil Lazarian | Ararat NewsPress