Mediamax Agency, Armenia
Feb 23 2007
As the assets and the capital increase, `Ararat Bank’ plans to become
a public company
Yerevan, February 23 /Mediamax/. As the assists and the capital
increase, `Ararat Bank’ plans to become a public company, realizing
an emission of shares.
Mediamax reports that the Executive Director of `Ararat Bank’ Ashot
Osipian said this in Yerevan today, noting that `we have ambitious
plans’.
According to Osipian, `Ararat Bank’ intends to develop as a
multi-purpose bank, paying attention to the whole spectrum of banking
services. He noted that the bank will be active in the spheres of
mortgage, consumer and business-crediting. Recently a special program
of exporters’ crediting is being realized at low credit rates.
To protect the interests of the exporters, starting from March the
bank will begin issuing forwards as to the dollar /Armenian dram to
the dollar/, which will be fixing the exchange rate for the
exporters.
In early March the bank will present a new plastic card especially
for car enthusiasts – `Car Card’ with various bonus options in the
sphere of car-service, insurance, tourism and others. Talks are held
for using cards in the territory of Georgia.
From: Emil Lazarian | Ararat NewsPress
