YEREVAN, February 2. / ARKA /. Nominal bonds of UCO Express Credit CJSC were discharged on January 29.

This was reported to ARKA News Agency on Tuesday in the press service of Armswissbank.

According to the release, about six thousand bonds with a face value of 25 thousand drams, worth 150 thousand drams, the circulation period of 18 months, and an annual yield of 12% were liquidated.

The discharged amount and the payment of the last coupon were paid by the company on January 29, 2010.

The bonds were placed on July 29, 2008.

The principal underwriter of bonds and the financial consultant was cjsc Armswissbank.

CJSC Express-credit was founded in December 1997 as the Pinar cjsc.
In 2002, the company was renamed and got its present name.

Express-credit was registered on February 11, 2003 as a universal credit organization in the Central Bank of Armenia.

Established in 2004, ArmSwissBank is a 100 percent Swiss-owned dynamically growing financial institution, operating as a private, corporate and investment bank, with a strong emphasis on brokerage services and liquidity management for Armenia’s financial sector.

Its aggregate assets grew to 29.8 billion Drams at the end of 2009 rising by 26.7% from the beginning of the year.

Its overall capital stood at 8 billion Drams rising by 46% from the beginning of the year and the standard capital grew by 81% to 9.7 billion Drams.

Its credit investments grew by 50% to 9.7 billion Drams.
Investments in securities grew by 34% to 12.9 billion Drams, return on equity rate was 9.27% and return on assets rate -1.99%. ($1 – 376.03 Drams). –0-