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 18.33% share are major shareholders of ARARATBANK.
ARARATBANK provides financial services to individuals and legal entities. The branch network of the Bank comprises 61 branches, of which 58 branches are in the Republic of Armenia and 2 branches in Nagorno-Karabakh Republic. Average number of employees as of 30.06.2017 stood at 869. 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.
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.See more