"SRETENKA" MOSCOW CONCERN PRESIDENT ASSURES HE WILL NOT LET "CREDIT-YEREVAN" GO BANKRUPT

PanARMENIAN.Net - "Credit-Yerevan" new shareholder, Russian businessman, "Sretenka" company head Levon Markos (Ayrapetyan) intends to realize a long-term investment for financial recovery of the bank that is under the banking failure threat. As "Arminfo" informs, now a bank recovery program is being developed. The Central Bank has already appointed temporal administration for "Credit-Yerevan". According to the opinions of independent experts, for the bank's way out from the current difficult situation about $10 million is needed. At the same time, the volume of deposits of people in the "Credit-Yerevan" exceeds this sum by a little and the total liabilities are more than 30 million. It should be reminded that in the middle of the current year there were changes in the "Credit-Yerevan" statutory fund. The shareholder of a considerable share holding, Armenian Parliament deputy Martin Ovanesyan sold a part (not less than 50%) to Russian businessman Levon Marcos (Ayrapetyan). Since the bargain that took place in the early July, the new shareholder-nonresident has made a number of long-term investments.