Central Bank of Armenia registeres Araratbank’s new branch – Noragavit
22.12.2007,
03:32
Central Bank of Armenia has registered Araratbank’s new branch – Noragavit, the CBA press office reported on Friday.
YEREVAN, December 21. /ARKA/. Central Bank of Armenia has registered Araratbank’s new branch – Noragavit, the CBA press office reported on Friday.
According to the Central Bank’s press release, the branch will engage in limited financial activity.
‘’Araratbank’’ Open Joint Stock Company (legal successor of ‘’Armsviaz’’ bank) was founded on 02.09.1991. On October 31 1996 the bank received banking license N4. In August this year the bank was reorganized to an open joint stock company.
As of the end of September, the bank’s assets totalled 16.4bln Drams, its capital was 4.5bln Drams and the profit for January-September was 224.8mln Drams. ‘’Ararat’’ bank has 10 branches functioning in the country. ($1=303.50Drams). M.V. –0—
