Areximbank-Gazprombank Group raises authorized stock by AMD 9BJanuary 22, 2015 - 18:58 AMT PanARMENIAN.Net - Areximbank-Gazprombank Group has raised its authorized stock by 9.4 billion drams or $20 million to a total of 25.9 billion drams. As ARKA reports citing the bank’s press office reported, the stock is increased by the sole stockholder, through an issue of additional shares. Areximbank-Gazprombank Group was established in August 1998. In 2007, it became a subsidiary of Russia’s biggest bank, Gazprombank. The bank’s assets in 2014 totaled AMD 110.7 billion (52.5% drop) and liabilities AMD 95 billion (55.2% decline). Its loan portfolio amounted to about AMD 69 billion (25.5% decline), capital to AMD 15.6 billion (26.58% decline) and authorized stock to AMD 16.4 billion. The 2014 loss was AMD 5.6 billion, compared to AMD 108.7 million in profit in 2013. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | 17 bridges collapse as a result of floods in Armenia As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. Armenia: Top cleric to retain title as he bids to become interim PM Galstanyan said earlier that the interim government would be tasked with stopping the “destruction of our homeland”. Ex-mayor of Karabakh capital arrested in Yerevan Ex-mayor of the Nagorno-Karabakh city of Stepanakert David Sargsyan has been arrested for 20 days. 269 people evacuated amid severe floods in Armenia’s north According to the Interior Ministry, 269 people have been evacuated from their homes in Lori and Tavush provinces. |