Yerevan /Mediamax/. “Unibank” commented today on the request of Mediamax on the deal for selling 80% shares## of the Russian “Uniastrum Bank” to the Bank of Cyprus.

Mediamax was told in the Public Relations Service of “Unibank” that, following the results of the sale of 80% “Uniastrum Bank” shares, no changes in the structure of shareholders of the Armenian bank are planned to take place.

We should remind that the shareholders of “Unibank” are “Evainvest” and “Uniastrum Asset Management”, which own 50% of bank shares each. The Russian “Uniastrum Bank”, in its turn, is one of the shareholders of “Uniastrum Asset Management”.

“Nevertheless, one should note the fact that simultaneously with the conclusion of the deal, it is planned to increase the capital of the Russian bank for $50mln, which, undoubtedly, will have positive influence on the further activity of both “Uniastrum Bank” and “Unibank”, the Armenian bank stated.

The official statement of “Uniastrum Bank”, spread today, brings the details of the deal. The sum of the deal on sale of 80% shares of “Uniastrum Bank” to the bank of Cyprus makes $576mln, the two main owners of “Uniastrum Bank” - Georgi Piskov and Gagik Zakaryan preserve 10% share of participation each, as well as the positions of Chairman of the Board of Directors and the President of the Bank.

The deal will be concluded after the corresponding permissions of the regulating bodies of Russia and Cyprus are received.