  Cascade Bank Joins NASDAQ OMX Armenia as New MemberJuly 22, 2009 - 18:23 AMT PanARMENIAN.Net - Effective from July 22, "Cascade Bank" closed joint stock company (Cascade Bank) is admitted as a member of NASDAQ OMX Armenia stock exchange. Membership status will provide the bank with full access to all exchange markets, including corporate securities, Government bonds, REPO, and foreign currency. The sole shareholder of Cascade Bank is Cascade Capital Holdings, which was established in 2004 by Cafesjian Family Foundation (USA) to facilitate and support investments into Armenia and Caucasus through creating and managing a group of commercial financial services companies operating to western standards. At present, Cascade Bank delivers the full range of banking services through its Head Office and two branches in Yerevan. As of the end of Q2, 2009, Cascade Bank's total capital amounted to more than AMD 5.6 billion, and total assets exceeded AMD 12.8 billion. In total, as of today, NASDAQ OMX Armenia has 27 members, including 20 banks.   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 |  Related sections Latest news U.S. warns Georgia not to side with Moscow against the west  Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow.Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for childrenMoscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said.Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |
