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On accession of "BTA Bank" CJSC (Armenia) to "Armeconombank" OJSC and the sale of shares to "Armeconombank" OJSC.

21.09.2016

Hereby "BTA Bank" JSC informs the creditors, shareholders and the public about the accession of the subsidiary bank of "BTA Bank" JSC (Kazakhstan)  - "BTA Bank" CJSC (Armenia) to "Armeconombank" OJSC (Armenia) on August 24, 2016. 
As a result of accession, "BTA Bank" CJSC (Armenia) ceased to exist as a legal entity, the share of "BTA Bank" JSC (Kazakhstan) in the authorized capital of the "Armeconombank" OJSC (Armenia) was 17,8 %. In accordance with the Purchase Agreement, concluded between "BTA Bank" JSC (Kazakhstan) and the investor from the Republic of Armenia, the share of "BTA Bank" JSC (Kazakhstan), which is 16,8% in the authorized capital of "Armeconombank" OJSC (Armenia), was sold to an investor from Republic of Armenia.