ArmInfo.  Swiss businessman of  Armenian origin, co-founder of the Swiss watch brand Franc Muller and  chairman of the board of Armswissbank CJSC Vardan Sirmakes initiated  a new project in Armenia - the Build Armenia Foundation, which was  joined by more than a dozen Armenian Diaspora businessmen.

ArmInfo. At the moment the total regulatory capital of ArmSwissBank is nearly 33 bln AMD versus 30.4 bln AMD as of late March and 19 bln AMD as of early 2016. The press office of the Bank has told ArmInfo that the capital has increased due to 8 bln AMD direct investments by the shareholders in March 2016. The capital replenishment was dictated by the need to comply with the Armenian Central Bank's new standard for total capital of the banks - at least 30 bln AMD versus the current 5 bln AMD.

ArmInfo. Vardan Sirmakes, Swiss businessman, CEO, founder and 100% owner of world-known "Frank Muller Watchland" company will not participate in ArmSwisBank capital directly anymore, ensuring participation through his foreign companies. 

ArmInfo. Export Insurance Agency of Armenia (EIAA) and ArmSwissbank signed today a memorandum, which envisages deepening of cooperation for assisting export-oriented businesses and introducing new export-insurance financial products in order to give local producers an opportunity to enter new foreign markets.