Ameriabank positive about selling troika dialog to sberbank
23.04.2011,
02:19
Tigran Jrbashian, Ameriabank’s development director, said today the sale of Troika Dialog to Russian Sberbank, the state-owned lender that holds roughly half of Russians’ savings, will have no impact on Ameriabank, owned fully by Troika Dialogue.
YEREVAN, April 22. / ARKA /. Tigran Jrbashian, Ameriabank’s development director, said today the sale of Troika Dialog to Russian Sberbank, the state-owned lender that holds roughly half of Russians’ savings, will have no impact on Ameriabank, owned fully by Troika Dialogue.
State-run Sberbank agreed to pay $1 billion for 100 percent of Troika Dialog, including the 63.6 percent held by its chairman and chief executive officer Ruben Vardanian and his partners and 36.4 percent held by Johannesburg-based lender Standard Bank Group Ltd.
Speaking at a news conference today, Tigran Jrbashian described the deal between Troika Dialog and Sberbank as interesting.
Under the deal, Ruben Vardanian will stay on as Troika’s chief executive at least through 2013.
“This means that we will continue to have good relations with Sberbank,’ Jrbashian said.
Tigran Jrbashian said also Ameriabank expects interest rates to change due to changing money and credit policy. He said Central Bank’s latest decision to raise the refinancing rate will push interest rates up for loans in the national currency, the dram.
The Central Bank raised its benchmark refinancing rate April 13 by 0.25 percentage point to 8.5% The Central Bank has also set a 12% reservation rate for commercial banks, which will have to keep 9% of their reserves at the Central Bank in Drams and 3% in foreign currency. According to Tigran Jrbashian, interest rates for loans in foreign currency will not change. -0-
State-run Sberbank agreed to pay $1 billion for 100 percent of Troika Dialog, including the 63.6 percent held by its chairman and chief executive officer Ruben Vardanian and his partners and 36.4 percent held by Johannesburg-based lender Standard Bank Group Ltd.
Speaking at a news conference today, Tigran Jrbashian described the deal between Troika Dialog and Sberbank as interesting.
Under the deal, Ruben Vardanian will stay on as Troika’s chief executive at least through 2013.
“This means that we will continue to have good relations with Sberbank,’ Jrbashian said.
Tigran Jrbashian said also Ameriabank expects interest rates to change due to changing money and credit policy. He said Central Bank’s latest decision to raise the refinancing rate will push interest rates up for loans in the national currency, the dram.
The Central Bank raised its benchmark refinancing rate April 13 by 0.25 percentage point to 8.5% The Central Bank has also set a 12% reservation rate for commercial banks, which will have to keep 9% of their reserves at the Central Bank in Drams and 3% in foreign currency. According to Tigran Jrbashian, interest rates for loans in foreign currency will not change. -0-
