GENERAL DIRECTOR: AMERIABANK TO INVEST $ 3 MILLION IN EQUITY OF OTHER COMPANIES

ARKA
Jan 27, 2010

YEREVAN, January 27. / ARKA /. Armenian Ameriabank may invest $ 3
million in capital of other companies in 2010, the chairman of the
Directorate, General Director of CJSC Ameriabank Artak Hanesyan said
at a press conference on Tuesday.

"The program of direct investment bank in 2010 planned about $ 3
million. Currently, there are about 30 potential programs before us
and only one has been pre-approved," Hanesyan said.

Bank’s general director said that further information will be
distributed after the final agreement has been reached.

The Ameriabank CJSC (formerly Armimpexbank) was founded in July 1992
using the facilities of the Armenian branch of the USSR Vnesheconombank
(Foreign Economy Bank). On September 8, 1992, the bank received a
license from the CBA.

In August of 2007, TDA Holdings limited, affiliated with Troika
Dialogue, Russia’s leading investment company, purchased the bank’s
shares. The bank was renamed Ameriabank in May 2008. Ruben Vardanyan
is the Chairman of the bank’s Board of Directors and Artak Anesyan
is the Chairman of Directorate and the General Director. As of today,
the bank has one branch in Stepanakert.