OREANDA-NEWS. July 15, 2014. Shareholders’ annual meeting of ARARATBANK OJSC has been carried out in the “Tigran Mets” Ballroom of “Armenia Marriot” hotel.

Summarizing results of the bank’s activities for 2013 the Board certified annual report of the bank’s Executive Board for 2013, accounting reports and profit allocation based on the results of the reporting year. As a result of the bank’s activities generated net profit of AMD 297 million had been paid out as dividends. Strengthening its position among leading banks of Armenia, ARARATBANK OJSC demonstrated high growth rates of key financial indicators in 2013.

The bank’s assets made AMD 125 billion and 236.5 million growing for 10.1% in comparison with the previous year as of the end of the year. Growth of loan portfolio made 11.1% with the volume of AMD 59 billion and 594.3 million. Term deposits attracted from individuals grew for 29.7% making AMD 22.4 billion as of the end of 2013.

As of the end of 2013 net profit of the bank made AMD 3082.7 million while the total equity made AMD 19632.7 million growing for 19.3% comparing to 2012. 2013 was also marked with number of important events for the bank. ARARATBANK OJSC was announced the winner in three nominations at the awards annually organized by "NASDAQ OMX ARMENIA" Stock Exchange.

They are: The Best Exchange Member in Government Bonds Market, The Best Exchange Member in Credit Resources Market and The Best Exchange Member for vigorous activity in all stock exchange markets.

Last year the bank totally attracted USD 34.4 million from foreign financial institutions, and these funds had been directed at financing of business projects in the sectors of production, trade, services as well as agriculture in Armenia. It should also be mentioned that in 2013 the status of “Confirming bank” in the trade finance activities was assigned to ARARATBANK within the framework of Trade Facilitation Programme (TFP) of the European Bank for Reconstruction and Development (EBRD). The bank had also demonstrated high quality in realizing SWIFT transfers and was awarded with Relation Award 2012 of the German Commerzbank AG.