Sat, 12 April
6.1 C
Yerevan
USD: 391.07 RUB: 4.66 EUR: 443.20 GEL: 142.03 GBP: 511.21
spot_img

Araratbank pays 297 million as dividends

YEREVAN, June 14. /ARKA /. Of 3.3 billion drams earned in net profit last year by Armenian Araratbank more than 297 million drams were paid as dividends to shareholders,’ the bank’s CEO Ashot Osipyan told an annual conference of shareholders today.

In his words, the bank has a total of 83 shareholders. Osipayn said the dividend for one share is 232.5 drams. Also, he said around 200 million drams of net profit will be channeled into the reserve fund.

Some 74.18% of the bank is owned by Barsegh Beglaryan, the owner of the biggest oil trader Flash, 25% by the European Bank for Reconstruction and Development (EBRD) and the rest by minority shareholders. In 2009 January the bank joined NASDAQ OMX Armenia stock exchange. ($ 1 – 411.64 drams). -0

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img