NASDAQ OMX ARMENIA LISTS INECOBANK BONDS

PanARMENIAN.Net
11.05.2009 15:27 GMT+04:00

/PanARMENIAN.Net/ Starting May 11, 2009, nominal bonds issued by
Inecobank closed joint stock company will be listed and included
in bond list of NASDAQ OMX Armenia. The issue comprises 7,000 bonds
with nominal value AMD 50,000, maturity 365 days and annual yield of
9.5%. The issue will be traded under ENECB1 ticker symbol, reported
the marketing service of NASDAQ OMX.

Inecobank CJSC was established in February 1996 and is currently
offering the full spectrum of banking services through its Head Office
and branches in Yerevan and regions of Armenia.

Among major foreign shareholders of the bank are KfW bank group
member German investment company DEG (Deutsche Investitions- Und
Entwicklungsgesellschaft). As of March 31, 2009, total capital of the
bank amounted to about AMD 9.36 billion, and total assets exceeded
AMD 48.4 billion.

Since February 2009, Inecobank CJSC is a member of NASDAQ OMX Armenia
with access to all exchange markets, including corporate and government
securities, REPO, and currency.

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It
delivers trading, exchange technology and public company services
across six continents, and with over 3,900 companies, it is number
one in worldwide listings among major markets. NASDAQ OMX technology
supports the operations of over 60 exchanges, clearing organizations
and central securities depositories in more than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in February 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc.

On January 27, 2009, Armenian Stock Exchange CJSC was officially
renamed as NASDAQ OMX Armenia OJSC.