Our history and mission

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.

As of June 30, 2023, the authorized capital stock of AraratBank OJSC comprises 1,873,345 shares with a par value of AMD 9,366,725 thousand.

• Listed below are the major shareholders with participation shares:

1. FLASH LLC - 68.36%

-Type of activity: Import and trade in fuel 

-Form of ownership: Non-state

2. Barsegh Beglaryan - 21.37%, and

• Indirect major participant Sanasar Beglaryan - 9.94%  

About Bank

ARARATBANK provides financial services to individuals and legal entities. The branch network of the Bank comprises 50 branches. Number of employees as of 12.09.2023 stood at 1087. 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.

We exercise professional activity in the securities market:

In 2007, corporate coupon bonds - a new financial instrument in Armenia - were issued by ARARATBANK and were included in the A- and B-bond lists of the Armenia Securities Exchange. One of the most active participants in the securities market, ARARATBANK had twenty-eight consecutive issues of corporate bonds in 2007, 2008, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2022, 2023 and 2024, subsequently listed on the Armenia Securities Exchange. Two issues of corporate bonds were offered by the Bank in 2024.

ARARATBANK had 28 issues of corporate bonds quoted on the Armenia Securities Exchange, with 6 USD-denominated corporate bonds currently in circulation.

At the AMX AWARD 2023 held by the AMX Stock Exchange, ARARATBANK was recognized the Best Corporate Bonds Underwriter in Exchange's Corporate Securities Allocation System.

We provide services

• in the market of plastic cards

ARARATBANK issues plastic cards of both local and international reputable payment and settlement systems. ARARATBANK is a shareholder and fully-fledged member of Armenian Card Company, as well as an affiliated member of MasterCard and fully-fledged member of VISA International payment systems. Becoming an exclusive representative of Diners Club global payment system in Armenia, the Bank has been issuing and processing Diners Club Young Professional and Diners Club Super Premium cards since 2013. The service network of the Bank comprises 1007 merchants and 127 ATMs. Number of cards issued by the Bank totals app. 140.000.     

• in online market

In 2015, ARARATBANK added AraratMobile application to its services, due to which the services provided by the Bank are accessible to the customers from any place and at any time. On the web page of the Bank, customers are enabled as well to make use of a number of online services, namely make utility payments, order plastic cards and private safe deposit boxes.   

• in the market of international money transfers

ARARATBANK is a member of SWIFT international payment system. It executes fast international remittances through Money Gram, Ria Money Transfers, Intel Express, Moneytun systems.

Our partners

ARARATBANK cooperates with 13 international reputable financial institutions, among them being:

• European Bank for Reconstruction and Development (EBRD); 
• Kreditanstalt Für Wiederaufbau (KfW);
• Black Sea Trade and Development Bank (BSTDB);
• Dutch development bank (FMO);
• European Fund for Southeast Europe (EFSE);
• responsAbility Global Microfinance Fund
• and other institutions.  

 Our mission

ARARATBANK's mission is to render up-to-date, proficient and high-quality banking services using latest banking technologies and creating unique business culture in bank-client relations.

Ensuring public activities, being available and transparent for any member of society, ARARATBANK considers itself as a reliable guardian of every customer's savings and cash resources.

Being one of the most dynamically developing banks of the banking system of Armenia, enlarging branch network and range of rendered banking services, participating in large international credit programs, increasing crediting of the real sector of economy, taking special place in bond, mortgage and consumer crediting markets and in the field of deposit policy, tightening relations with European international organizations, developing partnership with the international major banks and financial institutions, highly estimating value system of corporate governance, professional skills, abilities and human qualities of all of its employees, ARARATBANK is aimed to take a leading position in the banking system of Armenia to improve welfare and scale of living of all its customers, shareholders, personnel, in other words all the citizens of RA.

In case of any discrepancies between the two language versions of the published information, the Armenian version shall prevail.

Charter

License

Registration certificate