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Armenian Ameriabank joins Armex

29.10.2008, 23:52
Ameriabank CJSC joined Armenian Stock Exchange (Armex) this October 24. Armex membership will enable Ameriabank to carry out exchange transactions in all corporate securities listed on Armex, as well as in Government bonds and foreign currency.
YEREVAN, October 28. /ARKA/. Ameriabank CJSC joined Armenian Stock Exchange (Armex) this October 24. Armex membership will enable Ameriabank to carry out exchange transactions in all corporate securities listed on Armex, as well as in Government bonds and foreign currency.

The Ameriabank CJSC (former Armimpexbank) was established in July, 1992, as the Armenian branch of the USSR Vnesheconombank. On September 8, 1992, the Central Bank of Armenia licensed Armimpexbank.

Last August the TDA Holding Limited, affiliate of the Russian Troika Dialog, became the bank’s shareholder. The bank was renamed Ameriabank this May.

The capital of Ameriabnak reached 18.8bln AMD on September 30, with total assets being 41.8bln AMD, liabilities 23bln AMD and profit 429.4mln AMD in January-September.

According to ARKA News Agency, Ameriabank is the eighth out of 22 Armenia’s commercial banks in terms of assets, 12th in terms of liabilities and fourth in terms of capita. It has the largest authorized capital amounting to 17bln AMD.
Armenian Stock Exchange (Armex) was established in 2001 as a self-regulatory organization when 21 brokerage firms voluntarily merged. Armex was reorganized into a joint-stock company last November.

OMX Group (currently NASDAQ OMX) acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA) this January 7.

Armex currently has 15 member-companies, with six of them being commercial banks. ($1 – 308.63AMD). –0--