Tuesday, December 27 2011 20:44

ArmBusinessBank occupies 3rd place by authorized capital, having replenished it by 4.5 bln AMD


ArmInfo. Chrystie Management, the sole stockholder of ArmBusinessBank, has replenished the authorized capital of the bank by 4.50 bln AMD, the official website of the bank says.

As a result, the bank's paid-up capital has amounted to 17.5 bln AMD and the bank has occupied the third position by this indicator after ACBA-Credit Agricole Bank and Ameriabank.

According to the source, the decision to increase the capital was approved by the Council of the bank at 16 Sept 2011 session, and the transaction was registered on 19 Dec 2011.

To recall, in early 2010 Chrystie Management became the sole stockholder of ArmBusinessBank by buying the 13.01% stock from Ukrprombank. Before that the company owned 86.99% of the bank's shares.

According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 Oct 2011 ArmBusinessBank joined the list of the top five banks of Armenia by its assets and provision of crediting (149.4 bln AMD and 99.7 bln AMD respectively).
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