ABB leader in mortgage credit placement within KFW program

PanARMENIAN.Net - Armbusinessbank (ABB) is the leader in mortgage credit placement within KFW program in Armenia, the bank's press office reported.



156 clients got mortgage credits totaling AMD 931.8 million.



In April 2006 Ukrainian Ukrprombank purchased 35% shares of the Arminvestbank. In mid-April the Christies Management Company, registered on the British Virginia Islands, bought the 30% share of the bank and. In June 2006 Ukrainian Alfa-Garant Insurance Company purchased the remaining 35% shares of the Arminvestbank.



The decision on renaming the bank to Armbusinessbank was unanimously accepted at the special meeting of the shareholders of the Arminvestbank on August 10.



Bank is a member of SWIFT, Western Union, Anelik, Contact, as well as ArCa and MasterCard.

The bank has 18 branches: 8 in Yerevan, and branches in Gyumri, Vanadzor, Kajaran, Talin and also in NKR - Stepanakert, Martuni, Hadrut, Askeran, Martakert and Armavir.



As of 30 November 2008, the bank has 347 employees.



As of 31 March 2009: total capital - 6 828 739 thousand dram, the assets - 46 322 881 thousand dram, the liabilities - 39 494 142 thousand dram.