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Araratbank Becomes Member Of NASDAQ OMX Armenia

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  • Araratbank Becomes Member Of NASDAQ OMX Armenia

    ARARATBANK BECOMES MEMBER OF NASDAQ OMX ARMENIA

    ARKA
    Fer 2, 2009

    YEREVAN, February 2. /ARKA/. On January 30, 2009, "Araratbank" open
    joint stock company became a member of NASDAQ OMX Armenia. Membership
    status will give Arararatbank full access to all exchange markets,
    including corporate securities, government bonds, REPO, and foreign
    currency, NASDAQ OMX Armenia reported.

    As of the end of 2008, the total capital of the bank amounted to
    approximately 7.55 bln Drams, while total assets exceeded 29.7
    bln Drams.

    The bank's liabilities were 22.2bln Drams, credit investments 12.2bln
    Drams, liabilities to clients 16.4bln Drams and net profit reached
    594.2mln in January-December 2008.

    As of January 13, 2009 Araratbank had 25 branches operating throughout
    the country.

    Araratbank open joint stock company (assignee of "Haykap Bank")
    was founded on 02.09.1991.

    Nearly 75% of shares of Araratbank currently belong to "Flash" LLC,
    one of the leading importers of petrol to Armenia, and around 25%
    is held by the European Bank for Reconstruction and Development.

    Araratbank has history as an issuer with securities traded on the
    stock exchange: in particular, the second issue of its corporate
    bonds is currently included in NASDAQ OMX Armenia's Bbond list,
    and the stocks of the company are admitted to exchange trading.

    On January 27 2009 Armenian Stock Exchange open joint stock company
    was officially re named as NASDAQ OMX Armenia open joint stock company.

    The NASDAQ OMX Group, Inc. is the world's largest exchange company. It
    delivers trading, exchange technology services across the world. With
    over 3,900 companies, it is number one in worldwide listings among
    major markets.

    NASDAQ OMX technology supports the operations of over 60 exchanges,
    clearing organizations and central securities depositories in more
    than 50 countries.

    In January 2008, Nordic exchange operator OMX Group acquired 100%
    of shares of the Armenian Stock Exchange (Armex) and the Central
    Depository of Armenia (CDA). After the combination of NASDAQ and OMX
    in March 2008, Armex and CDA have become fully owned by the NASDAQ
    OMX Group, Inc.

    As of January 30 2009, 21 companies, including 13 banks were members
    of NASDAQ OMX Armenia.
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