One of biggest Russian banks – Vneshtorgbank, which yesterday bought 70% of Armsavingsbank shares, pledged to enhance the capital of the Armenian bank up to $15 million. Vneshtorgbank Board Chairman Andrey Kostin told it to journalist after a meeting with Armenian President Robert Kocharian in Yerevan today. In A. Kostin’s words, R. Kocharian has positively assessed the introduction of Russian capital into the bank sphere of Armenia. The banker noted that after making investments, Armsavingsbank would become the biggest bank of Armenia by its indices. It should be noted that at present the assessed capital of Armsavingsbank makes $5 million.
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