YEREVAN, September 27. /ARKA/. Armenian Araratbank has implemented the third payment on the third AMD 6.25-million issue of the bank’s coupon bonds.
The press office of Arararbank told ARKA News Agency on Monday that the payment on coupons.
The bank has issued a total of 25,000 bonds with a face value of AMD 10,000 having paid AMD 250 million on coupons.
Annual coupon yield is 10%.
Coupon pays are implemented once in every tree months.
Araratbank was established in 1991.
European Bank for Reconstruction and Development holds 25%+one share of the bank, 74.18% of shares belong to Barsegh Beglaryan, owner of Flash petrol trader, and the remaining 1% to 82 minority shareholders.
On January 30, 2009, the bank joined NASDAQ OMX Armenia Stock Exchange.
The bank has 31 branches in Armenia.
According to ARKA News Agency’s data, Araratbank’s assets totaled AMD 42.7 billion and liabilities AMD 33.2 billion by June 30, 2010.
The bank’s total capital amounted to AMD 9.5 billion, authorized capital AMD 7.1 billion and credit portfolio AMD 20.9 billion.
Its liabilities to clients totaled AMD 22.1 billion by late June, and net profit for the first half of this year AMD 621.5 million. ($1= AMD 362.25). –0—
