Areximbank Registers New Branch In Erebuni

AREXIMBANK REGISTERS NEW BRANCH IN EREBUNI

PanARMENIAN.Net
05.05.2009 12:04 GMT+04:00

/PanARMENIAN.Net/ By decision of Central Bank chairman, a new branch
of Areximbank was registered in Erebuni district of Yerevan, the CB
press office reported.

The Armenian-Russian Export-Import Bank was established in 1998 to
support the entrepreneurship and manage the financial flows between
Russia and Armenia.

The bank is the principal member of VISA International and Master
Card International payment systems, and the member of SWIFT system.

>From October 2006 the bank participates in the German KfW bank program
"Stable Development of the Mortgage Market".

In August 2005, the Moscow Impexbank acquired 19,91% shares of
Areximbank.

On November 29 of 2007, Gazprombank (Open Joint Stock Company), having
received the approval of the Central Bank of the Republic of Armenia,
acquired the control package of Areximbank CJSC shares.

Information on the share-holders, having considerable participation
in Areximbank CJSC, their names, the volume of their participation:
Gazprombank OJSC – 80,0854000%, Raiffeisenbank CJSC – 19,9146000%