YEREVAN, May 14, /ARKA/ Armenia-based Inecobank has announced the completion of the acquisition of IFC and DEG shares in Inecobank by agRIF Cooperatief U.A. agRIF is managed by Incofin Investment Management.

The bank said in a press release that under the terms of the private transaction held between the aforementioned companies, currently, agRIF Coopeartief owns over 10% (10.0104%) of stakes, while International Finance Corporation (IFC) and Deutsche Investitions und Entwicklungsgesellschaft (DEG) have fully completed their exit.

“The acquisition of Inecobank shares marks the entry of agRIF Coopeartief U.A. in the Armenian market, expanding its presence in the region. Additionally, the newly established cooperation will enhance the bank’s visibility in the international market and will further strengthen the position of Inecobank as one of the leading banks in the South Caucasus region.

Categories: Banks @en, General news, News, Новости | Comments Off on agRIF cooperatief U.A. acquires 10% OF IFC and DEG shares in Inecobank

Tags: agRIF, DEG, IFC, Inecobank

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