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Araratbank Shareholders To Hold Annual Meeting

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  • Araratbank Shareholders To Hold Annual Meeting

    ARARATBANK SHAREHOLDERS TO HOLD ANNUAL MEETING

    ARKA
    June 25

    A maiden annual meeting of Araratbank shareholders is scheduled for
    June 27, 2008. Araratbank's Public Relations Department reports that
    the meeting is to be held at the Ani Plaza hotel at 11:00 a.m.

    local time.

    Araratbank, legal successor of Armcommunicationbank, was founded on
    September 2, 1991. On October 31, 1996, the bank received License
    No. 4.

    Last August the bank was transformed to an open joint-stock company.

    By March 31, 2008, the bank's assets had amounted to 26.2bln AMD,
    capital 5.1bln AMD. In the 1st quarter of 2008, the bank's profit
    totaled 216.9ln AMD.
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