Attention

Hereby ARARATBANK open joint-stock company notifies that:  

1)      On 10 December 2016, the General Meeting of Shareholders of ARARATBANK open joint-stock company, made a decision (Resolution N03/01L) to reorganize ARARATBANK OJSC, as a Remaining Bank, through merger with the ARMENIAN DEVELOPMENT BANK open joint-stock company, as a Merging Bank.  

2)      No amendment shall be made to the composition of the shareholders of ARARATBANK open joint-stock company, since the shareholders of the ARMENIAN DEVELOPMENT BANK open joint-stock company will get compensation for their shares in the form of cash and not in the form of the shares of ARARATBANK open joint-stock company. 

3)      ARARATBANK open joint-stock company will be a fully-fledged successor of the ARMENIAN DEVELOPMENT BANK open joint-stock company both in terms of rights and in terms of liabilities.