Mher Ananyan: Thanks to a balanced policy, ARARATBANK summed up 2022 higher indicators, exceeding the planned ones

ArmInfo.As a result of balanced operations,  AraratBank managed to sum up the year with higher indicators,  exceeding the planned ones.

This was stated by the Chairman of the Executive Board of ARARATBANK  OJSC Mher Ananyan, while wrapping up the performance indicators of  the past year at the Annual General Meeting of Shareholders. 

According to him, over the past year, the Bank's total assets  increased by 32.0% and stood at AMD 357,510 million, while the  average growth rate of the past ten years stood at 12.1%.

Total liabilities increased by 32.5% compared to 2021 and stood at  AMD 305,031 million, while the average growth rate since 2012 stood  at 12.1%. 

Term deposits increased by 22.8% and stood at AMD 87,677 million,  while the average growth rate since 2012 was 15.4%. Over the past  year, funds of individuals increased by 19.0%, and funds of legal  entities - by 40.9%.

"Despite the opportunities to show accelerated growth rates during  the year, the Bank remained committed to previously defined  guidelines of organic loan investment growth.  As a result, in the  reporting year, loans to customers increased by 10.0% and amounted to  AMD 166,446 million. It should be noted that in 2022, Leasing  Operations Division was formed within the Bank, and all leasing  processes were revised," said Mher Ananyan, Chairman of the Executive  Board of ARARATBANK OJSC. 

"For the third year now, the Bank has positioned itself as a socially  responsible financial institution through education as one of its key  strategic directions. The career guidance camp organized within the  frames of Student Home, the wrap-up concert of Mshakutamet  initiative, Hawk aerial robotics contest, the charity concert of 4090  Charity Foundation and the charity dinner of City of Smile Foundation  to support children with cancer were financed during 2022," the  Bank's statement reads.