CBA REGISTERS YERITASARDAKAN NEW ARARATBANK SUBSIDIARY

PanARMENIAN.Net
20.01.2010 17:58 GMT+04:00

/PanARMENIAN.Net/ CBA registered Yeritasardakan new Araratbank CJSC
subsidiary, bank’s press service reported.

The resolution was passed by CBA President Artur Javadyan on January
19, 2010.

Araratbank was established as a result of the reorganization of Haykap
Bank, operating on Armenian financial market since 1991.

Araratbank was reorganized into closed joint stock company in
September, 2005.

Araratbank is functioning as an open joint stock company since
August, 2007.

Araratbank is a member of the Union of the Banks of Armenia; it is a
partner of the Ministry of Finance and Economy of RA in the area of
management of the internal national debt.

Araratbank has been government’s agent since 2007 in the field of
management of the national debt of RA in the primary and secondary
markets; it provides services to 40 customers – both individuals and
legal entities.