ArarBank (Ararat Bank)

Key details

• Launch: 1991

Overview

ArarBank (Ararat Bank) is Armenian commercial bank + founded 1991 in Yerevan Armenia as ARMSBERBANK ZAO then 2002 Anelik Bank then 2018 Ararat Bank rebrand + Armenian retail + institutional + foreign investors free float [1, am-cro].

History

1991 — ARMSBERBANK ZAO founded in Yerevan Armenia post-Soviet privatisation distinctive Armenian banking heritage.

2002 — Anelik Bank rebrand.

2018 — Ararat Bank rebrand consolidating Anelik Bank retail commercial banking brand.

2014 — Ararat Mobile banking app launch.

Ownership & operator

Operating entity: ArarBank Ararat Bank OJSC (Armenian commercial bank).

Major shareholders: Armenian retail + institutional + foreign investors free float.

Regulators: Central Bank of Armenia CBA.

Technical integration

Ararat Mobile app (iOS + Android) + araratbank.am online + Ararat Bank branch network across Armenia + Ararat Visa + Mastercard cards; EMVCo QRCPS QR payments + Armenian Dram AMD domestic transfers.

Implementations & partners

Major Armenian banking + payments competitors: [[inecobank]] (Inecobank CJSC; Armenian commercial bank; one of Armenia's largest commercial banks by assets) + [[ardshinbank]] (Ardshinbank CJSC; Armenian commercial bank) + [[evocabank]] (Evocabank CJSC; Armenian commercial bank; digital-first retail commercial bank) + [[ameriabank]] (Ameriabank CJSC; Armenian commercial bank; Bank of Georgia Group plc UK parent ~100%+ controlling).

Regulators: Central Bank of Armenia CBA.

Status

Active, Armenian commercial bank + founded 1991 in Yerevan Armenia as ARMSBERBANK ZAO then 2002 Anelik Bank then 2018 Ararat Bank rebrand [1, 2].

Sources

• 1 Ararat — official
• 2 Ararat — Wikipedia
• am-cro In-corpus: reports/countries/AM-armenia.md

Source

Biography extracted from ararat-bank-armenia.md. See matrix.md for standards-support matrix if present.