AMERIABANK gains leading positions on Armenian banking market
2008-11-08 13:31:00
ArmInfo. Due to third emission worth 1.2bln AMD ($4mln) AMERIABANK has
increased its authorized capital to 18.2bln AMD ($61mln) – the biggest
authorized capital in Armenia’s banking system.
Director General of AMERIABANK Artak Anesyan says that the bank has
issued 30,000 ordinary nominal shares each worth 40,000 AMD. All of the
shares have been bought by TDA Holdings Limited, affiliated company of
Troika Dialogue. Now, that company has a 99.7% stake in the bank.
Following the emission the bank has amended its charter and has
submitted it for the Central Bank’s registration.
AMERIABANK’s consistent capitalization policy has made it one of the
leaders in the fields of investment banking and universal banking
services. In the future the bank is going to increase its capital due
to profit – in 2009 it is planning an over $5mln net profit.
To remind, the first emission was carried out in Feb 2008: then the
bank issued 4.4bln AMD worth of shares and increased its capital of
6.4bln AMD. The second emission was effected in Aug 2008 and the
capital was increased to 17bln AMD. The bank has one of the five
biggest total capitals in Armenia’s banking system.