General Information
Bank's Mission
Charter
Registration Certificate
The copy of the junctioning licence
Certificate of Intelligent Property
Structure
Corporate style
Corporate governance
Bank Council
Executive Board Members
Significant participation persons
Head Office
Branches
ATMs/Self-service terminals
Requisites
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General Information
ARARATBANK was established as a result of the reorganization of Haykap Bank, operating on Armenian financial market since 1991.
ARARATBANK was reorganized into a closed joint stock company in September 2005.
ARARATBANK has been functioning as an open joint stock company since August 2007.
ARARATBANK is a member of the Union of the Banks of Armenia; it is a partner of the Ministry of Finance and Economy of Armenia in domestic debt management.
ARARATBANK has been government's agent since 2007 in the field of management of the national debt of Armenia on the primary and secondary markets provides services to 49 customers - both individuals and legal entities.
ARARATBANK is a participant of the local ArCa and international SWIFT payment systems. The bank is a shareholder and a full member of "Armenian Card" company since 2006. It is issuing ArCa Classic, ArCa Junior, ArCa Green Line, as well as AUTOCARD banking payment cards, "Family cards" package.
In 2009 the number of plastic cards issued by ARARATBANK has grown by 16.9 thousand or 79.3% totaling 38.2 thousand cards.
By the number of cards issued ARARATBANK is the fourth among Armenian banks having about 9% of the market.
In 2007 ARARATBANK became an affiliated member of MasterCard system.
In 2008 ARARATBANK issued MasterCard Gold, Business, Standard and Maestro cards.
ARARATBANK offers international express money transfers through ManeyGram, Anelik, MIGOM, БТФ-СОЮЗ (BTF-Union), Blizko, БЫСТРАЯ ПОЧТА (Express Mail), Xpress Money, Avers, Золотая Корона, Contact and other well-known transfer systems.
In 2007 ARARATBANK has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for an amount of USD 6 million. Program is aimed to finance small and medium businesses and trade facilitation.
ARARATBANK has been participating in German KfW "Stable development of mortgage market" program since October 2006.
In 2007 ARARATBANK signed a co-financing agreement with the Swiss "Izmirlian Foundation" to provide business loans to enterprises of Armenia.
As of December 31, 2009 ARARATBANK's loan investments made up 16 billion 175 million producing a growth of 33% in comparison with the previous year's figure.
As of December 31, 2009 ARARATBANK provides services to more than 70,000 individual and corporate clients.
As a new financial instrument in Armenia, in 2007 ARARATBANK issued corporate coupon bonds with the total amount of AMD 250.000 thousand, 12 month maturity and quarterly coupon redemption. The bonds were listed in the highest A-bond category of the Armenian Stock Exchange.
ARARATBANK issued corporate coupon bonds in 2008 with total volume of AMD 400.000 thousand and the nominal value of AMD 10.000 each, with 18 months maturity and quarterly coupon redemption. These bonds were also listed in the highest A-bond category of the Armenian Stock Exchange.
ARARATBANK's volume of operations carried out with bonds in Armenian Stock Exchange from July though December, 2008 amounted AMD 111.672.2 thousand, which was 10.2% of the total turnover of the Stock Exchange.
Source: www.nasdaqomx.am
ARARATBANK's average annual investments in government bonds has risen by AMD 1.6 billion or 42.6% as compared to previous year's average figure and amounted to AMD 5.5 billion.
Additional issue of shares, for the purpose of replenishment of its charter capital, was initiated by ARARATBANK in 2008.
During 2009, share price of ARARATBANK increased by 33.25%.
Source: www.nasdaqomx.am
ARARATBANK OJSC is a member of NASDAQ OMX Armenia starting 30.01.2009. Its status of a stock exchange member enables the Bank to trade in all instruments available at the Stock Exchange, including corporate securities, repo agreements, government bonds and foreign currency.
ARARATBANK's service network includes 26 Cashing Centers and 37 ATMs.
ARARATBANK has 30 branches in Yerevan and regions.
ARARATBANK has 360 employees as of June 30, 2010.
As of 30.06.2010 total assets of the Bank amount to AMD42 billion 679 million. Increase over the previous year makes up AMD14 billion 616 million or 52.1%. Liabilities total AMD 33 billion 151 million, increase over the previous year making up AMD12 billion 704 million or 62.1%. Total capital as of 30.06.2010 was AMD 9 billion 528 million with an increase of AMD1 billion 912 million or 25.1% over the previous year.
As of 30.06.2010 ARARATBANK’s profit was AMD622 million.
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The Bank is not responsible for correctness and validity of the referred sites, for advertisements contained in them and possible consequences arising from the use of information.
In case of any discrepancies between the two language versions of the published information, the Armenian version shall prevail. |
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| Updated 19.08.2010, 15:40:00 |
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