05.06.2014 17:55
YEREVAN, June 5. / ARKA /. BTA Bank in Armenia will replenish its capital and change the owner, Samvel Chzmachyan, the chairman of the Union of Banks of Armenia, revealed today.
He refused to divulge the details of the upcoming deal citing banking secrecy, saying only that the replenishment of the capital is to comply with the latest requirements of the Basel Committee.
According to its balance sheet data, as of April 1 BTA Bank’s capital was worth 5.7 billion drams ($13.8 million).
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