Thu, 3 July
19.1 C
Yerevan
USD: 384.51 RUB: 4.89 EUR: 452.41 GEL: 141.37 GBP: 526.78

Araratbank’s authorized capital built up by AMD 8.5 billion to AMD 31.7 billion

YEREVAN, September 30. /ARKA/. Araratbank has added AMD 8.5 billion to its authorized capital by issuing and placing stocks, the bank’s press office reported on Thursday.

According to the press release, the bank has completed the placement ahead of time – on September 26. Araratbank embarked on the placement on June 17, 2016 and planned to complete it by September 30.
As a result, the capital has reached AMD 31.7 billion exceeding the AMD 30-billion minimum required by the central bank.

In accordance with the set procedure, after the bank shareholders’ session, the regulations will undergo appropriate changes and will be submitted to the central bank for registration.

Araratbank, the heir of Armsvyaz bank, was established in 1991.

Flash petrol trader holds 64.25% of the bank’s shares, 25% of the shares belong to,the European Bank for Reconstruction and Development and 10% to RURAL IMPULSE FUND II SA SICAV SIF.

Araratbank became a NASDAQ OMX Armenia stock exchange participant on January 30, 2009.
The bank’s assets totaled AMD 135.7 billion in the second half of this year and liabilities AMD 112.5 billion.

It capital amounted to AMD 23.2 billion and credit exposure AMD 69.5 billion.

The bank earned AMD 326.3 million in profit in the 2nd H 2016. ($1 – AMD 474.57). –0—

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

Armenia set to launch crypto market regulation: Central Bank presents main provisions of  law on crypto-assets

The Law on Crypto Assets is the main law that will kick-start the regulation of this area in Armenia, said Deputy Chairman of the Central Bank Armen Nurbekyan, presenting the draft law and a package of related laws at an extraordinary meeting of the parliamentary committee on financial, credit and budgetary issues.

LATEST NEWS

spot_imgspot_imgspot_img