September 5, 2009 - 12:46 AMT
Armbusinessbank opens new "Ani" subsidiary
On September 3, Armbusinessbank opened a new "Ani" subsidiary in Gyumri, RA Shirak region, Armbusinessbank press service reported.
Armbusinessbank was established by the decision of the general meeting of bank founders in accordance with the constitutive agreement of 14 December 1994. According the agreement the bank is the legal successor of the shareholding Arminvestbank established in September 1991.
License N40 of the Central Bank of the Republic of Armenia issued on 10 December 1991.
In April 2006 Ukrainian Ukrprombank purchased 35% shares of the Arminvestbank. In mid-April the Christies Management Company, registered on the British Virginia Islands, bought the 30% share of the bank and. In June 2006 Ukrainian Alfa-Garant Insurance Company purchased the remaining 35% shares of the Arminvestbank.
The decision on renaming the bank to Armbusinessbank was unanimously accepted at the special meeting of the shareholders of the Arminvestbank on August 10.
Bank is a member of SWIFT, Western Union, Anelik, Contact as well as ArCa, MasterCard and Visa International.
21 Armbusinessbank subsidiaries are currently operating in Armenia.