Conversebank profits may reach 2.5bln amd
27.12.2008,
01:19
Ararat Ghukasyan, the Executive Director of Conversebank, said the bank’s profits before taxation may reach 2.5bln AMD.
YEREVAN, December 26. /ARKA/. Ararat Ghukasyan, the Executive Director of Conversebank, said the bank’s profits before taxation may reach 2.5bln AMD.
“In the whole, the 2008 was a successful year for the bank and we intend to complete it with profits exceeding the expected indicators,” he told reporters on Friday.
According to Ghukasyan, Conversebank will adhere to a policy of expansion in the regions and improve infrastructures and services there.
“We managed to bring the number of branches to 25 with four of them being renovated thoroughly, expanded the network of ATMs, increasing their number up to 41 against 29 early this year,” he said.
The Conversebank CJSC was incorporated in Armenia on December 20, 1993. Eduardo Ernekyan, an Argentina-based Armenian businessman purchased the bank’s 95% shares last February. The other 5% is held by the Armenian Apostolic Church.
The bank’s assets reached 63.9bln AMD this October 31, total capital 13bln AMD, liabilities 50.9bln AMD. ($1 – 308.37). –0--
“In the whole, the 2008 was a successful year for the bank and we intend to complete it with profits exceeding the expected indicators,” he told reporters on Friday.
According to Ghukasyan, Conversebank will adhere to a policy of expansion in the regions and improve infrastructures and services there.
“We managed to bring the number of branches to 25 with four of them being renovated thoroughly, expanded the network of ATMs, increasing their number up to 41 against 29 early this year,” he said.
The Conversebank CJSC was incorporated in Armenia on December 20, 1993. Eduardo Ernekyan, an Argentina-based Armenian businessman purchased the bank’s 95% shares last February. The other 5% is held by the Armenian Apostolic Church.
The bank’s assets reached 63.9bln AMD this October 31, total capital 13bln AMD, liabilities 50.9bln AMD. ($1 – 308.37). –0--
