ARARATTRANSFER club

AraratBank open joint-stock company was founded in 1991, providing the latest and highest quality banking services to both individuals and legal entities, applying modern technologies to develop banking services and creating a special business culture in bank-client relations. With the innovative banking technologies and best practices of corporate governance, the bank has 53 branches across the country. AraratBank actively participates in the real sector of the Armenian economy, particularly in SME lending. AraratBank cooperates with 17 reputable international financial institutions. By reporting a stable growth of financial indicators year on year, AraratBank takes its unique position in the banking sector of the Republic of Armenia. Thus, as of the performance indicators in Quarter 1, 2021, total assets stood at USD 501.8 million. Loan portfolio stood at USD 281.2 million, with the share of corporate loans totaling 548% (USD 154.1 million) and the share of retail loans totaling 47.7% (USD 134.1 million) in the loan portfolio. Total liabilities in the reporting period stood at USD 426.3 million. The share of borrowings from IFIs in total liabilities stood at around 30.0% or USD 127.8 million, the share of term deposits stood at 23.5% or USD 100.3 million, while the share of demand deposits stood at 22.4% or USD 95.3 million. In Quarter 1, 2021, the Bank succeeded in reporting growth of term deposits by USD 12.9 million (14.8%). Total capital reported growth of USD 75.5 million as compared to the indicator of the previous year - USD 73.2 million. In Quarter 1, 2021, net profit stood at USD 3.4 million.