Monday, May 31 2010 19:21

By the end of 2010 ARARATBANK is planning to open 9 new branches


ArmInfo. By the end of 2010 ARARATBANK is planning to open 9 new branches, Chairman of the Board, CEO of ARARATBANK
Ashot Osipyan said during the bank's third annual meeting today.

In June the bank is planning to open 2 branches in Sevan and Yerevan.

In 2008 the bank had 25 branches, today, it has 29 ones.

In 2009 the bank's clientele grew by 154% to 66,123. In Jan-May 2010 it grew by 10,000.

In 2009 the bank increased the number of its plastic cards from 21,000 to 38,000. Today, the bank has 44,000 issued cards.

In 2009 the amount of plastic card transactions grew by 18% to 22.8bln AMD. The bank introduced new card services: Petrol Plus, DUAL-Classic M based on Mifare technology, etc.
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