OREANDA-NEWS. June 24, 2013. Annual General Meeting of Shareholders of ARARATBANK took place in Tigran Mets Hall, Armenia Marriott hotel.

In 2012 ARARATBANK reported high growth rate indicators, thus bolstering its position among top ten  Armenian banks.

Dividends of AMD 297 million 019 thousand out of the net profit, generated due to the activity in 2012, were paid out to the shareholders. In 2012 the Bank, loyal to its adopted policy, offered its beneficiaries services and bank products in compliance with international standards.

In the reporting year the Bank continued to cooperate intensively with international financial Due to the funds attracted through different lending projects, the Bank maintained its active involvement in different economic sectors of the country and SME development projects in particular.

2012 key indicators

- At the end of 2012 total assets stood at AMD 113,713.1 million. This figure has increased by 29.8 % as compared to the figure of 2011.

- At the end of 2012 loans to customers stood at AMD 53,662.0 million. This figure has increased by 39.8% as compared to the figure of 2011.

- At the end of 2012 the Bank’s total liabilities stood at AMD 97,255.3 million. This figure has increased by 29.1% as compared to the figure of 2011.

- At the end of 2012 funds attracted from customers stood at AMD 63,279.6 million. This figure has increased by 25.4% as compared to the figure of 2011

- At the end of 2012 net profit stood at AMD 3, 332, 3 million. This figure has increased by 50.5% as compared to the figure of 2011.

- At the end of 2012 total capital stood at AMD 16,457,9 million. This figure has increased by 34.4 % as compared to the figure of 2011.

- At the end of 2012 number of customers stood at 167,103. This figure has increased by 18.6% as compared to the year-end figure of 2011.

- At the end of 2012 number of plastic cards stood at 103,015. This figure has increased by 20.1% as compared to the year-end figure of 2011.

- In 2012 4 branches were established. The Bank’s regional network comprised 42 branches as of the year end.

During the reporting year ARARATBANK has reported the following notable events

- Eurasian Development Bank (EDB) and ARARATBANK OJSC signed a USD 4 million loan agreement to finance micro and small businesses in Armenia.

- At NASDAQ OMX ARMENIA awards ceremony ARARATBANK was recognized as the Best Exchange Member in Government Bonds Market and was awarded a Grand Prix for operating actively on all platforms of exchange.

- Within the framework of the Trade Facilitation Program (TFP) ARARATBANK OJSC was recognized by the European Bank for Reconstruction and Development (EBRD) as the most active issuing bank of Armenia in 2011.

- The Bank paid out dividends of AMD 268 million 225 thousand out of the net profit generated due to the activity in 2011 to its shareholders.

- For the second time, ARARATBANK OJSC was awarded with German Commerzbank AG Relationship Award for ensuring high-quality SWIFT transfers.

- ARARATBANK and EBRD entered into a new loan agreement of USD 7 million to foster micro, small and medium enterprises as well as agricultural sector in Armenia.

- ARARATBANK was the first to issue 40.000 nominal, non-documental, coupon bonds at a face value of USD 25, 9% annual yield and maturity period of 36 months in Armenia.

- A Shareholder Agreement was signed between ARARATBANK OJSC and the Rural Impulse Fund II (RIF II) of Belgian Incofin Investment Management (Incofin IM). Under the Agreement, Incofin Investment Management became a shareholder of 4.99% of the Bank’s shares.

- The Austrian Raiffeisen Bank International AG recognized ARARATBANK OJSC as the best bank in Armenia for ensuring high-quality SWIFT transfers.

- ARARATBANK and the Green for Growth Fund, Southeast Europe signed a USD 5 million loan agreement.

- ARARATBANK singed a USD 10 million agreement with responsAbility Global Microfinance Fund.