YEREVAN, March 28. /ARKA/. Armenian Armbusinessbank denied allegations at Zhoghovurd newspaper about purchase of its control stock by the head of Control Service of Armenian President Hovhannes Hovsepyan.

It’s nothing but rumors and has no basis, the bank said in responding ARKA agency’s question.
The only stockholder of Armbusinessbank today is Christie Management company, the source in the bank said.

Today’s issue of Zhoghovurd reported, referring to its sources, that the head of the presidential Control Service Hovhannes Hovsepyan acquired the control stock of Armbusinessbank. The newspaper says Hovsepyan’s well-to-do brother, Hakob, mediated the deal.

Press secretary of Hovhannes Hovsepyan told the newspaper that Hovsepyan has no relations with the bank.

Armbusinessbank is a universal bank offering financial services to corporate and private clients. The Bank is a member of SWIFT, Anelik,Contact, Money Gram , Bistraya Pochta, Migom and Interexpress international systems, as well a member of local ArKa, international MasterCard and Visa International payment systems.

Armbusinessbank cjsc (called Arminvestbank before August 26, 2006) was registered on December 10, 1991.–0--