ArmInfo.Staring from January 1, 2019 IDBank will act on the primary market of government bonds in the new status- agent of the Ministry of Finance of the Republic of Armenia, the press service of the bank informs.
"This will provide an opportunity for Bank's clients for more flexible terms and with the possibility of additional income to acquire government bonds in the primary market," the source said. According to the latest data, 7 banks of Armenia have the status of an agent of the Ministry of Finance in the primary market of state bonds.
To recall, IDBank (until May 31, 2018, called Anelik Bank) has been operating in the Armenian market since October 1996. The Bank's shareholders are the Cyprus company FISTOCO LTD with a stake of 59.68% and the Lebanese Bank CreditBank S.A.L - 40.32%. The indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).