Online Banking
Our history and mission

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.

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 56 branches, of which 55 branches are in the Republic of Armenia and 1 branch in Nagorno-Karabakh Republic. Average number of employees as of 01.10.2020 stood at 1027. 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 execute

  • transactions in the securities market

In 2007, AraratBank was the first to issue corporate coupon bonds — as a new financial instrument — in Armenia, which were listed in the highest A-bond category of the Armenian Stock Exchange. The Bank is among the most active players in the securities market and it is already ten times it has issued corporate bonds —  2007, 2008, 2009, 2011, 2012, 2013, 2014, 2015 and 2016 — which were listed in the Stock Exchange of the Republic of Armenia. In 2016, the Bank issued corporate bonds .     

ARARATBANK is a primary dealer in government bonds and one of the most active banks in executing transactions in the Armenian financial market, as a result of which ARARATBANK was recognized winner by NASDAQ OMX Armenia in the nomination Best Exchange Member in the Government Bonds Market for the fifth year running. 

ARARATBANK OJSC has had 19 issues of corporate bonds, which were quoted in the Stock Exchange of the Republic of Armenia with five USD bonds and one AMD bond currently in circulation. 

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 60 POS terminals, 1590 merchants and 122 ATMs. Number of cards issued by the Bank totals app. 140.000.     

  • in online market

In 2015, AraratBank added Mobile Banking 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, UNISTREAM, Intel Express,Converse Transfer, Moneytun systems.

Our partners

AraratBank cooperates with 14 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);
  • Opec Fund for International Development (OFID);
  • 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 2020


Registration certificate

Page updated 22.10.2020 | 16:26

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In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.