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 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 1031.
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.