YEREVAN, July 9. / ARKA /. On July 8, 2015 "ARMECONOMBANK" OJSC became a Member of securities settlement system and thus was granted statuses of Depository system account operator and regulated market settlement system member (RMSSM).

Starting from July 20, 2015 ARMECONOMBANK customers can easily reach services of “Central Depository of Armenia” OJSC (CDA), specifically all the services related to registry keeping of joint-stock companies and securities safekeeping.

To recall, in March 2013 the CDA launched a new business model of depository system in Armenia, according to which the above mentioned services will be provided to customers via account operators - investment companies and banks, which signed the relevant agreement with the CDA.
ARMECONOMBANK joined the list of 14 Account operators of depository system and 15 RMSSM.

“ARMECONOMBANK” OJSC (the former Armenian Republican Bank "Zhilsotsbank" of USSR ) was the first amongst the state-owned banks of Armenia to be reorganized into a joint-stock bank and to be registered in the Central Bank of Armenia on August 26, 1991.

The bank became a member of NASDAQ OMX Armenia in February 2009. Since 2002 common nominal stocks of the bank have been listed at stock exchange on secondary B list. Armeconombank registered in 1991 is owned by EBRD (20%), Saribek Sukiasyan (22.6%), Khachatur Sukiasyan (19.5%) and Robert Sukiasyan (15.3 %.)

“Central Depository of Armenia” OJSC (CDA) is the only centralized registry keeper and custodian in Armenia. CDA participate to the Association of Eurasian Central Securities Depositories and is a member of Association of National Numbering Agencies.

Starting from 2014 CDA is the registry keeper of funded pension system participants and the custodian of mandatory pension funds assets. Starting from June 5, 2009, “NASDAQ OMX Armenia” ojsc became the 100% owner of CDA. -0-