YEREVAN, December 22. /ARKA/. Araratbank’s shareholding structure will not change after the bank merge with the Armenian Development Bank, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday.

The merger deal was sealed some 20 days ago, he said, and the Central Bank of Armenia has already given its preliminary consent. Shareholders of the two banks will gather for their joint session, and which a joint bank will be established.

“We will acquire the Armenian Development Bank completely – with its liabilities, assets and capital, which will fully move to Araratbank,” Osipyan said. “And the total cost of the deal will be revealed after it will be completely effected.”

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The Central Bank of Armenia has approved a merger agreement concluded by the Armenian Development Bank and Araratbank. The Central Bank registered the agreement on 15th of December

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Armenian Development Bank’s shareholders decided Friday at their meeting to merge their bank with Araratbank handing its rights and liabilities over to the latter

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On November 22, 2016, the Central Bank of Armenia gave its preliminary approval to Ardshinbank’s merger with Areximbank-Gazprombank Group, the two banks reported Friday in their joint press release

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

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