Araratbank enlarges its credit portfolio by amd 3.5 billion in 2009

YEREVAN, December 14. /ARKA/. Armenian Araratbank’s credit portfolio has grown over this year by 3.5 billion to AMD 15.5 billion, Garik Adamyan, chief of the bank’s strategy and methodology division, said Monday at Novosti International Press Centre answering ARKA News Agency’s question.

He said the bank’s credit portfolio amounted to AMD 12.2 billon by late December of the previous year.

It means the bank has built up its credit portfolio by 3.5 billion for 12 months of this year.

Adamyan said that Araratbank outdid other banks this year on these indicators.

He said 39.9% of the bank-extended loans were standard, and the credit portfolio is free from loan defaults.

Araratbank OJSC, heir of ArmSvyaz, was established in 1991.

In October 1996, the bank received the license #4.

European Bank for reconstruction and Development holds 25% of Araratbank’s shares and 74.1% belong to Barsegh Beglaryan, owner of Flash Company.

On January 30, 2009, Araratbank joined NASDAQ OMX Armenia Stock Exchange.

The bank has 27 branches in Armenia.

According to the information ARKA News Agency has at its disposal, the bank’s assets totaled AMD 29 billion and liabilities AMD 21.3 billion by late September.

The bank’s total capital amounted to AMD 7.5 billion and profit AMD 454.3 million. ($1 – AMD 383.63). -0–

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

LATEST NEWS

spot_imgspot_imgspot_img