Tue, 8 July
24.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Armenian Araratbank May Enter Warsaw Stock Exchange in 2011 or 2012

YEREVAN, May 31. /ARKA/. Armenian Araratbank may enter Warsaw Stock Exchange in 2011 or 2012, Ashot Osipyan, chairman of the bank’s board and executive director, said Monday at the third annual meeting of the bank’s shareholders.

“We have considered room for placement of stocks on international stock exchanges. Araratbank shareholders are interested in this issue… Maybe in 2011 or 2012 we’ll enter Warsaw Stock Exchange,” he said.

Osipyan said that the matter has been discussed with a representative from the Polish party, who came to Yerevan the last year at the bank’s invitation.

He reminded participants of the meeting that the bank’s shares are already listed on Armenian stock exchange.

On January, 30, 2009, Araratbank joined NASDAQ OMX Armenia Stock Exchange.

Araratbank OJSC, heir of ArmSvyaz, was established in 1991.
In October 1996, the bank received the license #4.

European Bank for Reconstruction and Development holds 25% + one share of Araratbank’s shares and 74.1% belong to Barsegh Beglaryan, owner of Flash Company.

According to ARKA News Agency’s data, the bank’s assets totaled AMD 41.1 billion and liabilities AMD 33 billion by late March.
Araratbank’s total capital amounted to AMD 8.3 billion and authorized capital AMD 6.1 billion.

Its credit portfolio amounted to AMD 18.9 billion and liabilities to clients totaled AMD 25.4 billion by late March.
The bank’s net profit for Jan-March 2010 amounted to AMD 304 million. –0—

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img