YEREVAN, OCTOBER 24, NOYAN TAPAN. There was a decline in financial and economic indices of Armeconombank from the beginning of 2008 to April 1st, after which a growth was recorded in almost all the indices. The amount of deposits attracted from natural persons increased by 45%, the assets grew by almost 30%. Besides, the liquidity of the bank's assets currently makes 100% as compared with the norm of 80% established by the Central Bank of Armenia and the average index of 82% in the country's banking system, the chairman of Armeconombank OJSC David Sukiasian stated at the October 23 press conference. He explained the observation of the bank's financial and economic indices in the indicated periods by the fact that "there was one situation before April 1st and quite another after it - in connection with the internal political events following the presidential election." D. Sukiasian said that the international financial crisis did not have a great impact on Armenia's banking system: "the banks just have difficulty attracting resources from foreign banks, due to which the interest rates of credits and financial resource attraction will rise." It is noteworthy that Armeconombank has 1,420 shareholders. Among the biggest ones is the European Bank for Reconstruction and Development (EBRD) with its stake of 25% of authorized captal + 1 share. The overall assets of Armeconombank currently make more than 52 bln drams (over 168.9 mln USD), its overall capital makes over 8.5 bln drams. The bank has about 60 thousand customers and 46 branches, including 20 in Yerevan and 26 ones in almost all the marzes of Armenia and Nagorno Karabakh. It was the first Armenian bank to receive a rating of Moody's Investor Service. It was assigned D- rating of financial stability and Ba3 rating of long-term deposits in Armenian drams and foreign currency.

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