CASCADE BANK JOINS NASDAQ OMX ARMENIA AS NEW MEMBER

/PanARMENIAN.Net/
22.07.2009 17:23 GMT+04:00

/PanARMENIAN.Net/ Effective from July 22, "Cascade Bank" closed joint
stock company (Cascade Bank) is admitted as a member of NASDAQ OMX
Armenia stock exchange. Membership status will provide the bank with
full access to all exchange markets, including corporate securities,
Government bonds, REPO, and foreign currency.

The sole shareholder of Cascade Bank is Cascade Capital Holdings,
which was established in 2004 by Cafesjian Family Foundation (USA)
to facilitate and support investments into Armenia and Caucasus
through creating and managing a group of commercial financial services
companies operating to western standards. At present, Cascade Bank
delivers the full range of banking services through its Head Office
and two branches in Yerevan.

As of the end of Q2, 2009, Cascade Bank’s total capital amounted to
more than AMD 5.6 billion, and total assets exceeded AMD 12.8 billion.

In total, as of today, NASDAQ OMX Armenia has 27 members, including
20 banks.

From: Emil Lazarian | Ararat NewsPress