TALKS OVER AMERIABANK’S PURCHASE OF ARMENIAN BANK NOT INITIATED YET
ARKA
Nov 10, 2008
YEREVAN, November 10. /ARKA/. Ameriabank has not initiated talks on
the purchase of one of Armenian banks, reported Ameriabank’s General
Director Artak Anesyan.
"We are still studying financial accounts of some banks to choose
which of them is more advantageous," Anesyan said Saturday at a press
conference in Stepanakert.
The bank will launch talks after close scrutiny.
The bank’s general director did not disclose details of the talks,
citing confidentiality provisions.
The purchase of a local bank will help Ameriabank expand business in
Armenia, according to Anesyan.
Tigran Jrbashyan, the bank’s director for development, previously
said Ameriabank planned to buy one of the local commercial banks.
He hesitated to say whether the new bank would be Ameriabank’s member
or a separate structure, adding everything would depend on the deal.
Ameriabank (formerly Armimpexbank) was established in July 1992 as the
Armenian branch of the USSR Vnesheconombank (Foreign Trade Bank). On
September 8, 1992, it was licensed by the Central Bank of Armenia.
TDA Holdings Limited, affiliate of the Russian Troika Dialog Investment
Company, became the bank’s principal shareholder (96.15%). In May
2008 the bank was renamed Ameriabank.