Russia’s Impexbank says bought 19.91% of Armenia’s Areximbank

Russia’s Impexbank says bought 19.91% of Armenia’s Areximbank

Prime-Tass English-language Business Newswire
August 9, 2005

MOSCOW, Aug 9 (Prime-Tass) — Russia’s Impexbank has acquired a 19.91%
stake in Armenia’s Areximbank, or Armenian-Russian Export-Import Bank,
Impexbank said in a statement Tuesday.

The bank did not disclose the terms and the amount of the deal but
said that it had bought 9,559 common shares of Areximbank with a face
value of USD 100 each.

Impexbank did not say if it plans to increase its stake in Areximbank
in future.

Areximbank was established in 1998. The bank’s charter capital amounts
to USD 4.8 million.

As of April 1, Areximbank’s assets totaled USD 22.118 million and the
bank’s own capital was at USD 6.696 million. The bank’s liabilities
totaled USD 15.208 million.

Impexbank was established in 1993. As of July 1, the bank net assets
amounted to 42.958 billion rubles. (28.4355 rubles – U.S. USD 1) End