Thu, 31 July
36.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Araratbank earmarks 297 million as 2013 dividends

YEREVAN, June 27. / ARKA /. Armenian Araratbank has earmarked 297 million drams of its last year’s 3.082 billion drams worth net profit to pay as dividends to its shareholders, the bank’s CEO, Ashot Osipyan, said today at the bank’s shareholders’ annual meeting.

He said the payment will start from July 15. According to Osipyan, the amount makes 9.6% of the net profit or 4.65% of the nominal value of its shares.

He said also that the book value of a bank’s share in 2013 increased by 19.3% to 15,368 drams, up from its face value of 5,000 drams. Osipyan said per share profit in 2013 amounted to 2,413 drams.
Araratbank was established in 1991.

The main shareholder of the bank is Barsegh Beglaryan, the owner of Flash oil trader (75 percent), the rest is owned by the EBRD. The bank joined NASDAQ OMX Armenia stock exchange in 2009.

As of April 1 Araratbank’s assets totaled about 131.8 billion drams having increased by 5.23% from the beginning of the year; its liabilities stood at 111.2 billion drams (up 5.31%), the capital was worth 20.5 billion drams (an increase of 4.8%), credit investments stood at 61.4 billion drams (up 3.13%) and liabilities to clients totaled 71.2 billion drams (up 3.97%). Profit for the first quarter amounted to 1.1 billion drams (up 51.4%). ($ 1 – 408.12 drams). -0 –

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia approves EAEU agreement on allowing brokers and dealers to trade on exchanges of union countries

t a meeting on Thursday, the Armenian government approved a proposal to sign a draft agreement on granting permission to brokers and dealers of one Eurasian Economic Union member state to participate in organized trades of exchanges (trade organizers) of other EAEU member states.

LATEST NEWS

spot_imgspot_imgspot_img