Thursday, December 22 2011 17:44
Armeconombank to borrow money from Pakistani partner
ArmInfo. Armeconombank will borrow money from Pakistani partner - Habib Bank, CEO of ArmEconombank Armen Naljyan said in an interview to ArmInfo.
He said that Armeconombank actively cooperates with Habib Bank, who has an office in the United Arab Emirates. "In the framework of this cooperation we provide our businessmen customers with bank cheques, which they can cash in Dubai," Naljyan said.
He said that Armeconombank is also negotiating with other Eastern and Arab banks having offices in the UAE.
As of today the capital of Armeconombank totals 9.14bln AMD, assets - 64.4bln AMD, loans - 30.5bln AMD, deposits - 10.7bln AMD, profit - 504.6mln AMD. The bank has issued almost 140,000 plastic cards so far and has 39 branches in Armenia and Nagorno-Karabakh.