April 5, 2002 - 23:51 AMT
"INNEX" US CORPORATION INTENDS TO FOUND $5 MILLION CAPITAL BANK IN ARMENIA
"Innex" US corporation intends to found a bank in Armenia with capital of $5 million. According to the information provided by "Arminfo" agency, the American party's proposal is already presented and is under consideration. The authorized bodies refrain from giving any information on the occasion for the time present. As stated earlier by Chairman of the Central Bank of Armenia Tigran Sargsian, two banks with foreign capital will be opened in Armenia this year. Let us note that that foreign capital share in the aggregate capital of the Armenian bank system increased 14% within last year totaling 49,4%.