ARARATBANK OJSC was established in 1991. Licence N4 issued by the Central Bank of Armenia on 20.09.1991. The mission of the bank is to foster the economic development of the country, bearing social responsibility and creating values for shareholders, customers and employees.
ARARATBANK OJSC provides investment services in both primary and secondary markets in compliance with the Law of the Republic of Armenia “On Securities Market”.
Brokerage Services: Brokerage services provide access to a wide range of investment instruments in local and foreign markets. Particularly, AraratBank trading platform provides over 4,500 financial instruments in more than 20 stock exchanges in top 15 countries.
Dealing services: FX, Repo and transactions with securities.
Consulting services on securities market.
Securities underwriting and placement:
Corporate governance advisory and support in provision of regular reports
Support in drafting and filling out the prospectus
Delivery of market maker services.
It is noteworthy that in 2017-2021 ARARATBANK OJSC stood as an underwriter of 13 placements of bonds issued by different companies for a total volume of USD 6.5 mln and AMD 20 bln.
Registry keeping and custody services: ARARATBANK OJSC acts as an account operator of the Central Depository of the Republic of Armenia and provides custody services.
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, and Moneytun systems.
The bank has 56 branches, represented in all regions of the Republic of Armenia and in Artsakh.
Flash LLC with 72.73% share and Barsegh Beglaryan with 22.63% share are major shareholders of ARARATBANK.
As of 31 December 2020, the number of employees stood at 1,031.
As of December 31, 2020, the total capital of the bank stood at AMD 38, 276, 407 thousand, assets – AMD 248, 378, 888 thousand, liabilities – AMD 210,102,481 thousand.