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BTA bank to change owner and replenish capital

05.06.2014 17:55

BTA bank to change owner and replenish capital

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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BTA Bank CJSC Putting ATM With Cash-In Function Into Operation

10.08.2010 21:44

BTA Bank CJSC Putting ATM With Cash-In Function Into Operation

BTA Bank CJSC is putting an ATM with a new, cash-in function, into operation, the bank’s press office reported on Tuesday.

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