YEREVAN, June 28, /ARKA/. Armenian Araratbank said it made a regular coupon payment for its bonds. The bank’s press office reported that a total of 6.25 million Drams had been earmarked for payment. The bank said the profit amount was transferred to the central depository of the Central Bank of Armenia based on the list of registered shareholders to be placed on their accounts.
This tranche included 25,000 bonds with a face value of 10,000 Drams each and a coupon yield of 10%. Payments are made every three months.
Araratbank, previously called Haykap Bank, was founded in 1991 and provides a full range of banking services to corporate, MSME and retail customers. The bank has established a reputation as a small but reliable and dynamically growing financial institution.
EBRD holds 25% in Araratbank. The rest is held by Barsegh Beglarian, head of the biggest petrol importing company Flash.
On Mach 31 its assets totalled 41.1 billion Drams, liabilities stood at 33 billion Drams, the total capital was worth 8.2 billion Drams, chartered capital-6.1 billion Drams, credit investments-18.9 billion Drams. In the first quarter of 2010 it earned 304 million Drams in net profits. The bank has 29 branches. ($1- 369.17 Drams). -0-
