ARARATBANK TO LAUNCH "ARARAT TRANSFER" PROGRAM SOON

ARKA
Sep 2, 2009

YEREVAN, September 2. /ARKA/. Araratbank is to launch a new program
on Saturday, ARARAT TRANSFER, the press office of the bank reports.

The program implies bonuses giving the bank’s clients many preferences
and prizes.

Those client transferring or receiving $10,000 on international systems
from Araratbank’s home office or branches over one month gets ARARAT
TRANSFER card.

>From the date of the card reception till the nearest drawing,
the client will accumulate bonus points dependent on the amounts
transferred or received on any international money transfer system.

ARARAT TRANSFER card holders will always enjoy priority in any queue, a
ten-percent discount for money transfers and permission to use deposit
boxes at a 50-percent discount, get currency exchange preference and
take loans at one-percent-lower interest.

Besides, a cardholder attracting another client who transferring or
receiving $10,000 within one month will score points dependent on
the transferred or received amounts.

If transfers are operated in foreign currencies they are converted
into dollars on the Central Bank’s exchange rate.

One dollar gives one point to a client.

Drawing is held once in every three months.

The five cardholders who score the greatest number of points take
part in a drawing.

Other five are randomly chosen cardholders.

After the dra wing, the accumulated points are zeroed and a new
score begins.

Araratbank, the heir of Armsvyaz, was established in 1991.

On October 31, 1996, the bank got its license.

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

The bank has 25 branches in Armenia. ($1 = AMD 374.89).