Araratbank pays 297 million as dividends

14.06.2013 18:45
Araratbank pays 297 million as dividends

YEREVAN, June 14. /ARKA /. Of 3.3 billion drams earned in net profit last year by Armenian Araratbank more than 297 million drams were paid as dividends to shareholders,’ the bank’s CEO Ashot Osipyan told an annual conference of shareholders today.

In his words, the bank has a total of 83 shareholders. Osipayn said the dividend for one share is 232.5 drams. Also, he said around 200 million drams of net profit will be channeled into the reserve fund.

Some 74.18% of the bank is owned by Barsegh Beglaryan, the owner of the biggest oil trader Flash, 25% by the European Bank for Reconstruction and Development (EBRD) and the rest by minority shareholders. In 2009 January the bank joined NASDAQ OMX Armenia stock exchange. ($ 1 - 411.64 drams). -0

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