ARMECONOMBANK AWARDED DIPLOMAS TO "ARMINFO" AGENCY, "SHANT" TV CHANNEL AND "HAYOTS ASHKHAR" NEWSPAPER FOR BEST FINANCIAL-ECONOMIC ANALYTICS
Yerevan, January 9. ArmInfo. One of the leading commercial banks
of Armenia, the Armeconombank, has announced of the results of a
competition, announced in the beginning, 2006, for the best analytical
publications and TV-Radio programs in financial-economic sphere.
The chairman of Armeconombank, David Sukiassyan, has presented
diplomas to the representatives of "ArmInfo" News Agency, the "Shant"
TV channel and the "Hayots Ashkhar" newspper. He thanked the Mass
Media representatives for the objective and deep broadcasting of
economic problems and noted the Bank’s adequate contribution to the
formation and development of financial-economic journalism.
Remaining faithful to traditions, D. Sukiassyan has presented
diplomas to the best borrowers of her Bank in 2006, the "No Problems"
and "Zangk-97 Companies", which had presented the most literate
business-projects in the industrial area. The best employees of the
Bank, including the Bank’s press-service, were also awarded diplomas.
The Chairman of RA CB, Tigran Sarkissyan, has congratulated the Bank’s
employees and wished new successes to Armeconombank in increasing the
credit opportunities and extension of services rendered. According to
him, the Bank’s successes are mainly stipulated for the professional
management. "Those, who gather the best staff, survive in the
competition", T. Sarkissyan said.
To note, the Armeconombank is in the five of the leading banks of
Armenia. 25% of the Bank’s capital belongs to the Eurobank, with
which a number of big credit projects is being implemented. Upon the
yearly results, the main indicators of the Bank have increased by
30% on average. The growth of assets made up 23%, mainly assured at
the expense of credit investments for 21 bln drams and investments
to the securities for 6 bln drams. In 2006, the Bank had opened and
renewed several branches. This year, it intends to greatly strengthen
the sphere of crediting the regional borrowers, jointly with the
Eurobank. Signing of an Agreement with the International Financial
Corporation is envisaged in 2007 in order to receive a credit in $2
mln to be proportionally aimed at the crediting of a small and middle
business and at the development of the hypothec market.