Ameriabank planning no merger deals now

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30.01.2013, 19:51

Ameriabank is planning no merger deals now, Gevorg Tarumyan, the bank’s financial director, said today at a news conference.

Ameriabank planning no merger deals now

YEREVAN, January 30. /ARKA/. Ameriabank is planning no merger deals now, Gevorg Tarumyan, the bank’s financial director, said today at a news conference.

At the same time, he didn’t rule out probability of merging in the event of an appropriate offer, since Ameriabank vies mergers as alternative development.

In 2010, Ameriabank merged with Cascade Bank. The two banks’ shareholders TDA Holdings Limited and Cascade Capital Holdings, explaining the merger, said the merger was motivated by wish to support Armenia’s financial sector and to create a firm financial platform for post-crisis economic development of the country.

Ameriabank is a universal bank that provides investment, corporate and retail banking services in packages. Ameriabank is the first investment bank in Armenia. It started providing a wide range of innovative banking services in 2007. ($1 – AMD 407.75). -0-

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