Friday, June 16 2017 20:50
Alina Hovhannisyan

Ashot Osipyan: By 2020 ARARATBANK will become classic, digital and investment bank

Ashot Osipyan: By 2020 ARARATBANK will become classic, digital and investment bank

ArmInfo. In the next three years ARARATBANK will become a classical, digital and investment bank. On June 16, executive  director of ARARATBANK  Ashot Osipyan told about this way of the bank's development at the annual shareholders' meeting. He informed that the bank has a new NeoBank strategic development program, which will be held under the slogan .

Within the development of the classic commercial credit structure model, the Bank intends to review its structure and work to improve the efficiency of banking products, branches and financial transactions. For "digital" transformation, according to Osipyan, the Bank will work to stimulate digital services, in particular through the development of Internet banking, mobile and telephone banking, the increase in the number of payment terminals, the introduction of virtual and electronic branches, UBER applications, NET-SPEND and others.

By positioning itself as an investment bank, ARARATBANK will provide IPO and bond placement services, asset management, legal assistance, and M & A transactions.

According to ARARATBANK, for  January 1, 2017, its assets amounted 149.2 billion AMD, credit investments - 66.2 billion AMD, total liabilities - 116.1 billion AMD, liabilities to customers - 62.9 billion AMD. The total stoch was 33.1 billion AMD. Last year the Bank completed with a net profit of 1.1 billion AMD. Nasdaq OMX Armenia today has 6 issues of corporate bonds of ARARATBANK, 5 of which are dollar. In total, the Bank issued 13 tranches of its own bonds, half of which have already been redeemed.

The Bank's branch network covers 65 branches, both in the capital and in  districts. In December 2016, Armenian Development Bank joint ARARATBANK, with the final completion of the integration in September 2017.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000