ArmInfo.Until 2022, ARARATBANK intends to transform itself into Banktech (Bank + Fintech). Such a statement was announced by the Chairman of the Board of OJSC, Executive Director Ashot Osipyan on June 11 during the event, timed to coincide with the 12th general meeting of shareholders of the bank. , he explained. In particular, A.
Osipyan said that the priority directions of crediting for ARARATBANK in 2019 will be energy efficiency programs and large agricultural projects, whereas in 2018 the focus was on export- oriented and industrial enterprises. "Last year we actively financed exporters and industrialists. I consider this to be our social contribution, since they provided loans at special interest rates,"he stressed. In addition, he said, mortgage lending will also remain in the list of priority areas of the Bank. In this vein, A. Osipyan informed that in 2019 the Bank concluded agreements with 4 construction companies. "It is very important for us to be leading in this segment of the credit market," he stressed. Speaking about the financial indicators for the results of 2018, the Chairman of the Board of OJSC stated that net profit of the bank increased over the year by 10%, reaching 2.2 billion drams. The bank's assets increased by 3.9% per annum - up to 220.8 billion drams, liabilities - by 4.9% to 185.9 billion drams. The volume of credit investments amounted to 119.9 billion drams. The total capital of the Bank amounted to 34.9 billion drams. Answering the question of ArmInfo, A. Ospiyan noted that in terms of the strategic development of ARARATBANK for 2019, according to different indicators, an increase of 10-15% was laid. Recall that ARARATBANK OJSC has been operating since November 2005.
As of April 1, 2019 by the majority shareholders of ARARATBANK one of the largest oil traders in Armenia is the Flash company with a share of 72.73% in the capital, Barsegh Beglaryan (well-known entrepreneur, the head of Flash) 18.33%, Rural Impulse Fund II (included in the structure of the Belgian Incofin Investment Management - Incofin IM) - 8.58%.