YEREVAN, June 9, /ARKA/. Armenian Central Bank said it has registered a new branch of Araratbank –Sevan. The decision was passed by Central Bank governor Artur Javadian on June 7, the Central bank’s press office said.
Araratbank provides a full range of banking services, focusing primarily on micro, small and medium-sized enterprises and retail clients. Some 74.1% of its shares belong to Barsegh Beglarian, the owner of Flash petrol trader, the EBRD’s stake is 25%+1 share.
According to ARKAs data, on March 31 Araratbank’s assets stood at 41.2 billion Drams, liabilities-at 33 billion Drams, its total capital was worth 8.3 billion Drams, chartered capital was worth 6.1 billion Drams, credit investments-18.9 billion Drams. In the first quarter of this year it earned 304 million Drams in net profits. -0-
