UNIASTRUM BANK TO HAVE STAKE IN UNIBANK’S CAPITAL
Noyan Tapan
May 03 2006
YEREVAN, MAY 3, NOYAN TAPAN. Uniastrum Bank (Moscow) will apply soon
to the Central Bank of Armenia (CBA) with a proposal to have its
stake in the capital of Unibank (Armenia). Unibank Council Chairman
Gagik Zakarian stated this at the May 3 press conference. In his
words, Uniastrum’s stake in Unibank will make about 10 mln USD,
after which the Armenian bank’s capital will increase to nearly 14
mln USD. G. Zakarian expressed a hope that the CBA and the Central
Bank of Russia will grant permission for transactions with Unibank
in the near future, and the deal will be concluded this year.