YEREVAN, May 12. /ARKA/. Armeconombank has signed a $10-million loan agreement with Symbiotics S.А (Switzerland) and Micro, Small & Medium Enterprises Bonds S.A (Luxemburg), the press office of the bank reports.

According to the press release, these financial resources will be targeted for development of micro, small and medium businesses.

Symbiotics, established in 2004, offers high-quality investment solutions for qualified investors. The company carries out its activities in 50 countries.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armeconombank signs $10-million loan agreement with two European financial organizations

Tags: AGREEMENT, ARMECONOMBANK, LOAN

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On May 6 Armenia’s Central Bank confirmed the merger agreement between BTA Bank and Armeconombank, Armeconombank said today

Categories: Banks @en, General news, News, News of the hour | Comments Off on Central bank confirms merger agreement between BTA bank and Armeconombank

Tags: ARMECONOMBANK, BTA Bank, merge

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Armeconombank’s normative capital will amount to AMD 23 billion after merger with BTA Bank, the pres office of Armeconombank reported on Friday

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Tags: ARMECONOMBANK, BTA Bank, MERGING, normative capital

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The European Bank for Reconstruction and Development (EBRD) and the Sukiasyan brothers will remain major shareholders of Armenian Armeconombank after its merger with BTA Bank in Armenia is formalized, one of the brothers, Saribek, said in an interview with “Hraparak” daily

Categories: Banks @en, General news, News, News of the hour | Comments Off on EBRD and Sukiasyan brothers will remain major shareholders of Armeconombank after its merger with BTA Bank in Armenia

Tags: ARMECONOMBANK, BTA Bank, EBRD

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Armeconombank and BTA Bank (Armenia) intend to merge, the press office of Armeconombank reported on Tuesday

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Tags: ARMECONOMBANK, Armenia, BTA Bank, MERGING

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Armenian Armeconombank ojsc and BlueOrchard Microfinance Fund LLC, an investment company located in Grand Duchy of Luxembourg, signed a $3 million loan agreement, proceeds from which will be used for on-lending to and development of micro and small businesses in Armenia

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Tags: ARMECONOMBANK, BlueOrchard, LOAN

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Armeconombank’s expected merger with BTA Bank will increase our regulatory capital, Saribek Sukiasyan, a shareholder of Armeconombank, said in an interview with Armenian daily “Hraparak.”

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Tags: ARMECONOMBANK, BTA Bank, MERGING

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Armeconombank OJSC is negotiating now to merge with Kazakhstan’s BTA Bank CJSC in Armenia, Anna Mkrtchyan, the press secretary of Armeconombank, told ARKA News Agency on Tuesday

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armeconombank negotiating to merge with BTA Bank

Tags: ARMECONOMBANK, BTA Bank, MERGING

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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)

Categories: Banks @en, General news, News, News of the hour | Comments Off on ARMECONOMBANK becomes member of securities settlement system of central depository

Tags: ARMECONOMBANK, Armenia, central depository

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Armeconombank said today it has placed 1,100,016,000 drams worth ordinary (common) shares of the 12th issue to public subscription

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Tags: ARMECONOMBANK, Armenia, DRAM

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