Seven percent of ADB shares sold at 276 million drams

09.04.2013 20:51
Seven percent of ADB shares sold at 276 million drams

YEREVAN, April 9. / ARKA /. About y 7.2% of shares of the Armenian Development Bank (ADB) traded at NASDAQ OMX Armenia stock exchange were sold today for 276,979, 040 drams. The exchange said a total of 56,758 ordinary shares were sold at 4,880 drams each. Overall the bank trades 792,685 ordinary shares at Nasdaq OMX Armenia worth 4.35 billion drams.

Armenian Development Bank is one of the first commercial banks in Armenia, founded in 1990. Until 1995 it operated as Bank for Reconstruction and Development. Its major shareholders are Ruben Hayrapetyan - 19.98%, Ara Mekhakyan - 16,95%, Grigor Termendjyan - 16.03%. ($ 1 - 418.77 drams). -0-


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