{"id":104363,"date":"2016-12-20T12:33:51","date_gmt":"2016-12-20T12:33:51","guid":{"rendered":"https:\/\/armbanks.am\/2016\/12\/20\/245679\/"},"modified":"2024-12-15T13:27:05","modified_gmt":"2024-12-15T13:27:05","slug":"armenian-central-bank-approves-merger-of-armenian-development-bank-and-araratbank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/12\/20\/104363\/","title":{"rendered":"Armenian central bank approves merger of Armenian Development Bank and Araratbank"},"content":{"rendered":"<p><strong>YEREVAN, December 20. \/ ARKA \/.<\/strong> The Central Bank of Armenia has approved a merger agreement concluded by the Armenian Development Bank and Araratbank. The Central Bank registered the agreement on 15th of December.<\/p>\n<p>&#8220;After the completion of contractual measures the Araratbank and the Armenian Development Bank will ask formally the Central Bank to register the deal. As a result, Ararattbank will become the legal successor to the Armenian Development Bank &#8220;, the regulator said.<\/p>\n<p>The Armenian Development Bank (ADB) was established in 1990. Before 1996, it operated under the name Reconstruction and Development Bank. The major shareholders are Ruben Hayrapetyan &#8211; 19.7%, Rafik Hayrapetyan &#8211; 19.4% and Grigor Termenjyan &#8211; 16.6%.<\/p>\n<p>The bank&#8217;s assets at the end of September 2016 stood at 68 billion drams, a decline of 6% since the beginning of the year; its liabilities stood at 56.1 billion drams, an 8.8% decline and the capital \u2013 at 11.8 billion drams, a growth of 10.8%.<\/p>\n<p>Araratbank, the successor to Armsvyazbank, was established in 1991. Some 64.25% of its shares are owned by Flash oil trader company, 25% &#8211; by the EBRD, and 10% &#8211; by RURAL IMPULSE FUND II SA SICAV SIF. In 2009 Ararartbank became a member of NASDAQ OMX Armenia.<\/p>\n<p>In Late September the bank&#8217;s assets totaled 137.5 billion drams (an increase of 4.16%), liabilities stood at 113.4 billion drams (up 3.53%) and the capital was worth 24 billion drams (7.2% growth). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Armenia has approved a merger agreement concluded by the Armenian Development Bank and Araratbank. The Central Bank registered the agreement on 15th of December<\/p>\n","protected":false},"author":1,"featured_media":158819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,15837,12699,14192,308],"class_list":{"0":"post-104363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-araratbank","10":"tag-armenia-2","11":"tag-armenian-development-bank","12":"tag-merge","13":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=104363"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158819"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=104363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=104363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=104363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}