{"id":122444,"date":"2019-06-11T13:25:02","date_gmt":"2019-06-11T13:25:02","guid":{"rendered":"https:\/\/armbanks.am\/2019\/06\/11\/248574\/"},"modified":"2024-12-15T13:37:59","modified_gmt":"2024-12-15T13:37:59","slug":"araratbank-will-not-pay-dividends-to-shareholders-for-2018","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2019\/06\/11\/122444\/","title":{"rendered":"Araratbank will not pay dividends to shareholders for 2018"},"content":{"rendered":"\n<p><strong>YEREVAN, June 11 \/ARKA\/. <\/strong>Araratbank will not pay dividends to its shareholders for 2018. This decision was unanimously adopted at the annual meeting of the bank\u2019s shareholders today. Last year, the bank made a similar decision. Last time the bank paid dividends to its shareholders was in 2013.<br> Araratbank&#8217;s first deputy executive director, David Harutyunyan, said all the profits earned last year will replenish the bank\u2019s capital.<\/p>\n\n\n\n<p>The chairman of the bank\u2019s board Ashot Osipyan said last year the bank earned a total of 2.2 billion drams in net profit, by 10% more than in 2017.<\/p>\n\n\n\n<p>He also recalled that last year the bank raised $60 million in loans from international lending organizations. Osipyan noted also that the bank continues to develop in three directions, traditional commercial, investment and digital.<\/p>\n\n\n\n<p>&#8220;I am very pleased to note that success has been registered in these three areas, innovations have been introduced,&#8221; said Osipyan.<\/p>\n\n\n\n<p>By the end of 2018, the assets of Araratbank stood at 228.1 billion drams, by 5.8% from 2017, its liabilities were worth 191.3 billion drams (6% growth), its capital was worth 36.729 billion drams (4.9% growth). In 2018, the bank provided loans in the amount of 123.109 billion drams, a 4.3% rise year-on-year.<\/p>\n\n\n\n<p>Araratbank was established in 1991. It is owned by Flash oil trader &#8211; 72.73%, EBRD &#8211; 18.33%, and RURAL IMPULSE FUND II SA SICAV SIF &#8211; 8.58%. ($ 1- 479.52 dram). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeffAraratbank will not pay dividends to its shareholders for 2018. This decision was unanimously adopted at the annual meeting of the bank\u2019s shareholders today. Last year, the bank made a similar decision. Last time the bank paid dividends to its shareholders was in 2013.<\/p>\n","protected":false},"author":1,"featured_media":157317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,12940],"class_list":{"0":"post-122444","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-dividends"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/122444","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=122444"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/122444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157317"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=122444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=122444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=122444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}