AARARATBANK

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Armenia

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AARARATBANK

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Description


"Historical Overview
ARARATBANK was established as a result of the reorganization of Haykap Bank, operating in the Armenian financial market since 1991. On September 2005 ARARATBANK was reorganized into a closed joint stock company and in August 2007 into an open joint stock company.

In 2008, the European Bank for Reconstruction and Development (EBRD) acquired 25%+1 share stake, thus, becoming a new partner of the Bank.

In 2012, under the contract signed between ARARATBANK and Incofin Investment Management, Rural Impulse Fund became a 8.58% shareholder of the Bank.

Flash LLC with 72.73% share and Barsegh Beglaryan with 22.63% share are major shareholders of ARARATBANK.

About Bank
ARARATBANK provides financial services to individuals and legal entities. The branch network of the Bank comprises 60 branches, of which 59 branches are in the Republic of Armenia and 1 branch in Nagorno-Karabakh Republic. Average number of employees as of 20.01.2020 stood at 1001. International banking state-of-the-art best technologies and best practice of the corporate governance are introduced in the Bank.
ARARATBANK is a member of the Union of Banks of Armenia and is a partner of the Ministry of Finance and Ministry of Economic Development and Investments of the Republic of Armenia in the field of the internal public debt management. The Bank is a government agent in the field of the public debt management of Armenia in the primary and secondary markets and is a member of NASDAQ OMX Armenia OJSC. The status of a stock exchange member enables the Bank to trade in all instruments available at the Stock Exchange.

Pursuant to the CBA Board Resolution No 1/723A of 17 July 2008 ARARATBANK OJSC was registered in the register of insurance agents and was issued a Registration certificate № 25."

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