All news related to Cascade Bank

Armenia’s Central Bank halts operation of Cascade Bank branch

09.06.2010 16:54

Armenia’s Central Bank halts operation of Cascade Bank branch

YEREVAN, June 9, /ARKA/. Armenia’s Central Bank governor, Artur Javadian, has passed a decision to halt the operation of a Cascade Bank branch Yervand Kochar, the Central Bank’s press office said. Cascade Bank was founded in 2005 after Cascade Capital Holdings acquired 100 percent shares of Emporiki Bank (Armenia).

On March 31 Cascade Capital Holdings and TDA Holdings Ltd, the shareholders of Cascade Bank and Ameriabank signed a merger agreement. On March 31 Cascade Bank’s assets stood at 18 billion Drams, liabilities at 10.4 billion Drams, total capital was 7.7 billion Drams, credit investments-10.5 billion Drams. In the first quarter it earned 120.8 million Drams in net profits. ($1-377.29 Drams.) -0-

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Ameriabank and Cascade Bank to merge before yearend

31.03.2010 19:04

Ameriabank and Cascade Bank to merge before yearend

Ameriabank and Cascade Bank to merge before yearend

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Cascade Bank joins Bystraya Pochta money transfer system

16.02.2010 17:59

Cascade Bank joins Bystraya Pochta money transfer system

Armenian Cascade Bank has joined Bystraya Pochta system of money transfers, the bank’s press office told ARKA news agency.

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