ARMBUSINESSBANK OPENS NEW BRANCH IN NORAGAVIT

ARKA
Aug 12, 2009
Yerevan

Armbusinessbank has opened a new branch in Noragavit neighborhood in
Yerevan. The bank’s official website says the new branch is located
at 15/1, Ararat Highway. The new branch was registered by Central
Bank on July 21. The bank has now 21 branches.

ZAO Armbusinessbank (formerly Arminvestbank) was registered on December
10, 1991. In 2006 35% of its shares were bought by Ukrprombank
(Kiev), 35% by Ukrainian Insurance Society ODO Alfa Garant and 30%
by Society Christie Management. Eleven of its branches are in Yerevan,
5 in provinces and the rest in Nagorno-Karabakh.