Areximbank-Gazprombank Group raises authorized stock by AMD 9BJanuary 22, 2015 - 18:58 AMT PanARMENIAN.Net - Areximbank-Gazprombank Group has raised its authorized stock by 9.4 billion drams or $20 million to a total of 25.9 billion drams. As ARKA reports citing the bank’s press office reported, the stock is increased by the sole stockholder, through an issue of additional shares. Areximbank-Gazprombank Group was established in August 1998. In 2007, it became a subsidiary of Russia’s biggest bank, Gazprombank. The bank’s assets in 2014 totaled AMD 110.7 billion (52.5% drop) and liabilities AMD 95 billion (55.2% decline). Its loan portfolio amounted to about AMD 69 billion (25.5% decline), capital to AMD 15.6 billion (26.58% decline) and authorized stock to AMD 16.4 billion. The 2014 loss was AMD 5.6 billion, compared to AMD 108.7 million in profit in 2013. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |