Ukrprombank says it may acquire the controlling interest in Arminvestbank in the course of time

05.07.2006 | 16:55 Home / News / News /

Yerevan, July 5. /Mediamax/. The Ukrainian Ukrprombank has announced that it may acquire the controlling interest in Arminvestbank in the course of time.

In mid April, the Ukrprombank announced about the purchase of 35% shares of Arminvestbank, Mediamax reports. Armenian Central Bank chairman Tigran Sarkisian has hailed the deal, noting that the Ukrprombank is a “solid bank.”

Interviewed by the Ukrainian “Delo” newspaper July 4, the Chairman of Ukrprombank Board Alexander Soltus said that the decision to buy precisely 35% shares of Arminvestbank has been conditioned by the fact that “from the point of view of the Armenian legislation it’s hard enough to buy the controlling interest.”

“As a rule, at least three bank founders are required to have equal shares. But I think in the course of time we will acquire the controlling interest,” Alexander Soltus stated.

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