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Araratbank To Be Ready For First Issue Of Shares This Autumn

ARARATBANK TO BE READY FOR FIRST ISSUE OF SHARES THIS AUTUMN

Noyan Tapan
Jun 22 2007

YEREVAN, JUNE 22, NOYAN TAPAN. Araratbank is going to reorganize from
closed joint stock company into an open joint stock company and to
make an initial placement offer. The bank’s executive director Ashot
Osipian stated this at the June 22 press conference. He said that
this autumn the bank will be ready for the first issue of shares.

A. Osipian reminded that Araratbank completed the issue of 10 thousand
corporate bonds of 250 million drams (about 714 thousand USD) in May
2007 and listed them on the Armenian Stock Exchange.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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