ArmInfo. ARARATBANK will end 2019 with the implementation of almost all planned indicators. This was announced on November 15 by the acting Chairman of the Board of <ARARATBANK> OJSC Karen Sargsyan on the sidelines of the presentation of the ARARAT-Mobile mobile application.
In particular, he noted that for 10 months of this year bank assets reached 221 billion drams, liabilities -183 billion drams, loan portfolio - 131 billion drams, and profit - 2.4 billion. Noting the y-o-y growth in these indicators, Sargsyan assured that the bank will end the fiscal year with an even higher level of profit.
At the same time, the acting Chairman of the Board noted that the bank has registered certain successes in terms of mortgage lending. "We held numerous discussions regarding interest rates on mortgage loans, and as a result, today we occupy the 4th position in the banking system in the mortgage portfolio," he concluded.
To recall, ARARATBANK OJSC has been operating since November 2005. The majority shareholders of ARARATBANK as of July 1, 2019 one of the largest oil traders in Armenia is the Flash company with a 72.33% equity stake, Barsegh Beglaryan (a well-known entrepreneur, the head of the Flash) - 22.62%, the Rural Impulse Fund II (part of the Belgian Incofin Investment Management - Incofin IM) - 4.29%.