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?
Araratbank
Information about products and services from Araratbank
Bank's exchange rates
Last update: 06 Oct, 20:48
Araratbank
- EUR400413
- RUB4.124.35
- USD360363.5
- EUR405.3-0.49% 407.19+0.47%
- RUB4.26-1.60% 4.24-0.61%
- USD361.81-0.20% 362.14+0.09%
Best offers
4.5%
1460-6570 days
to 220 500$
9.5%
1460-6570 days
to 80 000 000֏
2.6%
546-730 days
to 191 100€
4.59%
546-730 days
to 220 500$
9.25%
546-730 days
to 80 000 000֏
13.98% - 15.94%
from 13.5%
to 100 000 000֏
from 0%
14.03% - 15.94%
from 13.5%
to 100 000 000֏
from 0%
10.12% - 11.97%
-
to 250 000$
from 0%
13.41% - 15.36%
from 13%
to 150 000 000֏
from 0%
12.84% - 14.78%
from 12.5%
to 150 000 000֏
from 20%

Free of charge
60 000֏ / year
No
No
Access to business halls

Free of charge
20 000֏ / year
No
No
Access to business halls

Free of charge
12 000֏ / year
No
No
Concierge service

Free of charge
5 000֏ / year
2%
No
No

Free of charge
1 000֏ / year
No
No
No
21.95% - 23.86%
to 1 000 000֏
up to 2 years
9.38%
to 4 000 000֏
up to 10 years
15.9% - 23.18%
to 10 000 000֏
up to 5 years
Information about Araratbank
General information
Full legal name
"ARARATBANK" OJSC
Founded
1991
CB of Armenia License
№4
Head office
87 Buzand St., Yerevan 0002, ArmeniaWebsite
araratbank.am/enOn the map (179)
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
OpenBank details
CB of Armenia License
№4
Registration date
20 Sept 1991
Bank code
15100
SWIFT code
ARMCAM22
Chairman
Vakhtang Abrahamyan
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
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.
2005 — Reorganization
In September 2005, the bank was reorganized as a closed joint-stock company.
2007 — OJSC
In August 2007, ARARATBANK was reorganized as an open joint-stock company.
2017 — Merger
In 2017, ARARATBANK completed its merger with Armenian Development Bank and became its full legal successor.
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.
Key products and 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
Terrible service, terrible quality of communication, giving old unquality money and don’t wanna change it back. Worsest manager ever.
The worst service in bank system!!! Highly recommend dont use this bank,if you dont want to ruin your day.
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.
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.
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