Araratbank

Information about products and services from Araratbank

Bank's exchange rates

Last update: 06 Oct, 20:48

CurrencySell to the bankBuy from the bank
  • EUR400413
  • RUB4.124.35
  • USD360363.5
Central Bank Rates
Currency05 Oct06 Oct
  • EUR405.3-0.49% 407.19+0.47%
  • RUB4.26-1.60% 4.24-0.61%
  • USD361.81-0.20% 362.14+0.09%
All currency exchange rates

Best offers

Interest rate

4.5%

Term

1460-6570 days

Amount

to 220 500$

Interest rate

9.5%

Term

1460-6570 days

Amount

to 80 000 000֏

Interest rate

2.6%

Term

546-730 days

Amount

to 191 100€

Interest rate

4.59%

Term

546-730 days

Amount

to 220 500$

Interest rate

9.25%

Term

546-730 days

Amount

to 80 000 000֏

Information about Araratbank

Araratbank bank logo

General information

Full legal name

"ARARATBANK" OJSC

Founded

1991

CB of Armenia License

№4

Financial Indicators (2025)

Total Assets

AMD 423.3 billion

Loans and Advances

AMD 234.2 billion

Equity

AMD 78.7 billion

Net Profit

AMD 11.71 billion

Annual Report

Open

Bank details

CB of Armenia License

№4

Registration date

20 Sept 1991

Bank code

15100

SWIFT code

ARMCAM22

Chairman

Vakhtang Abrahamyan

Araratbank bank logo

About the Bank

ARARATBANK is a bank in Armenia serving individuals, entrepreneurs, SMEs and corporate clients. The bank provides retail and corporate banking, lending, trade finance, investment and payment services.

ARARATBANK is a bank in Armenia with a history dating back to 1991. The bank develops retail and corporate banking, SME lending, trade finance, investment services and digital services. ARARATBANK is also an active participant in Armenia's securities market.

History

  1. 1991 — Foundation

    On September 20, 1991, the bank was registered and received banking license No. 4 from the Central Bank of Armenia. ARARATBANK is the legal successor of Haykap Bank.

  2. 2005 — Reorganization

    In September 2005, the bank was reorganized as a closed joint-stock company.

  3. 2007 — OJSC

    In August 2007, ARARATBANK was reorganized as an open joint-stock company.

  4. 2017 — Merger

    In 2017, ARARATBANK completed its merger with Armenian Development Bank and became its full legal successor.

  5. 2026 — New management

    On May 5, 2026, Vakhtang Abrahamyan was appointed Chairman of the Management Board and Executive Director of ARARATBANK.

Araratbank business activities and areas of specialization

Activities

Retail banking, corporate banking, SME lending, trade finance, investment banking and securities market services, leasing, card and payment services.

Target Segments

Individuals, entrepreneurs, SMEs and corporate clients.

Digital Products

AraratMobile, AraratMobile Business, online banking, ARARATBANK Trading Platform, Apple Pay and Google Pay.

International Affiliation

ARARATBANK is not part of an international banking group. As of December 31, 2025, the largest shareholders were FLASH LLC with 68.36% and Barsegh Beglaryan with 21.37%, while indirect shareholder Sanasar Beglaryan held 9.94%.

Leadership

Vakhtang Abrahamyan

Executive Director

Vakhtang Abrahamyan has headed ARARATBANK since May 2026. He has more than 30 years of experience in the banking and financial sector. He previously worked at the Central Bank of Armenia for almost three decades, including as Deputy Chairman, and served as CEO of Fastex from 2022 to 2025.

Awards

  • 2025 — Best Sub-Custodian Bank in Armenia - Global Finance

    ARARATBANK was named the best sub-custodian bank in Armenia for 2025.

    Source

Araratbank online services

Bank branches and ATMs map

Bank reviews

16 May 2025Rating:1.0

Is there a way to leave a negative review? I visited your bank at 4:20 PM, well before closing time. There wasn’t a long queue, yet my number wasn’t called until 4:55 PM. Then, I was told it was already the cut-off time and that my card application couldn’t be processed. I’m frustrated—why allow customers to wait if you can’t accommodate them? It felt like the staff were more eager to leave because it was Friday, not because of actual time constraints. To make things worse, one staff member told me to “just come back in the morning,” and I later realized that your bank only operates Monday to Friday. How is it possible that your own staff don’t know the branch schedule?

igdragon Co igdragon Co Araratbank Source: Google
14 Feb 2025Rating:1.0

Terrible service, terrible quality of communication, giving old unquality money and don’t wanna change it back. Worsest manager ever.

Виктория Сучугова Виктория Сучугова Araratbank Source: Google
17 Dec 2024Rating:1.0

The worst service in bank system!!! Highly recommend dont use this bank,if you dont want to ruin your day.

Toney Blevins Toney Blevins Araratbank Source: Google
09 Aug 2024Rating:1.0

After getting an amount from a card-to-card transaction, which is the fastest BTW, we can't use the amount immediately. You know why? Because their transaction check lasts 2-3 working days. Ladies and gentlemen, 3-day security check for a card-to-card transaction! They work in the stone age! I will definitely change my bank to Inecobank or IDbank.

Sveta Jaghatspanian Sveta Jaghatspanian Araratbank Source: Google
06 Apr 2023Rating:1.0

Clear your day schedule if you come to this place because it's a day event. Backwards soviet mentality where nothing gets done. Nothing. Very long lines, filled with karytos talking on their phones while they're being serviced by the teller. Avoid this place like the plague.

William Hadrian William Hadrian Araratbank Source: Google