CENTRAL BANK OF ARMENIA PUBLISHES LIST OF 9 UNFAIR BORROWERS OF Q1 2009

ARKA
May 14, 2009

YEREVAN, May 14. /ARKA/. The Central Bank of Armenia (CBA) published
the list of nine top unfair borrowers who had overdue (more than 180
days) liabilities to commercial banks by March 30 2009. The overdue
amount is more than 5% of minimum limit on total capital of banks
(5bln Drams).

The list is published as required by item 3 of Article 6 of Armenian
law about banking secret, the CBA Press Service reported.

The list consists of nine organizations, including two physical
entities.

Among the companies are Atlas llc, Intermotor-Yerevan llc,
Universalshin llc, Agrinex ojsc and other. The physical entities are
Mangasaryan Vladislav and Kazaryan Ashot. ($1=373.27Drams).