UNIBANK TO RAISE THE AUTHORIZED CAPITAL BY 3 BILLION DRAMS AND RECEIVE 6 BILLION DRAMS SUBORDINATED LOAN
ArmInfo
2008-12-03 17:53:00
ArmInfo. Unibank shareholders have adopted a decision to raise the
authorized capital of the bank by 3 billion drams instead of the
present 5.6 billion drams. Unibank press-service told ArmInfo the
given decision was made in late November 2008. Unibank Council plans
to complete the procedure of raising the capital in early 2009.
In addition, Unibank promoters will provide additional 6 billion
drams subordinated loan at the beginning of 2009.
To recall, Unibank shareholders are Asset Management and EVA Invest
that hold by 50% stakes. By data of Unibank, Moody’s Investors Service
increased the long-term credit rating of Russian Uniastrum Bank (key
strategic partner of Unibank) in late November by three points to Ba2
(outlook stable).
Moody’s Interfax Rating Agency increased the national scale long-term
credit rating from Baa1 to Aa2. The president and shareholder of
Uniastrum Bank Gagik Zakaryan is the co-owner and Chairman of Unibank
Council.
By data of Unibank, total capital of the bank amounts to 9.5 billion
drams.
Assets totaled 67,7 billion drams on 30 November 2008. Unibank has
maintained its positions in the top five of leader-banks in Armenia
by key figures.