ArmInfo.ARARATBANK was recognized by NASDAQ OMX Armenia winner in three nominations: "The Best Exchange Member", " The Best Exchange Member in the Government Bonds " and "The best participant in the market of corporate bonds".
As the Bank's press service told ArmInfo, ARARATBANK has been winning the nomination " The Best Exchange Member in the Government Bonds " for the 6th time, and the 5th time in the nomination "The Best Exchange Member". Moreover, the status of the winner in the nomination "The Best Exchange Member" is awarded to the organization, which is distinguished by its vigorous activity on different exchange platforms and is an active issuer.
The report notes that ARARATBANK also provides intermediary and depositary services to its customers. ARARATBANK has been acting as the government agent of the RA Government since 2007. The award is held for the 9th year in a row. This time, the NASDAQ OMX Armenia Stock Exchange and the Central Depository of Armenia summed up the results of the 2017 Best Stock Exchange Competition. To select the winner, the number, volume and effectiveness of transactions concluded at NASDAQ OMX Armenia platforms are taken into account. The best dealer of the market is chosen on the basis of a general vote of the dealers of banks and investment organizations of Armenia, which are members of NASDAQ OMX Armenia.
According to the data of the Finance Rating of Banks of Armenia as of July 1, 2018, prepared by ArmInfo, ARARATBANK by investments in state bonds is on the list of leaders, having secured a volume of 25.5 billion drams ($ 52.9 million) with a y-o-y growth of 29.2%. By attracted funds from placing its own bonds, ARARATBANK ranks in the TOP-5 with a volume of 11.7 billion drams ($ 24.3 million) with a y- o-y growth 3.1-fold.
To note, by the number of issued corporate coupon bonds, ARARATBANK leads on the Nasdaq OMX Armenia exchange. Some of them have already been redeemed, but as of October 23, 2018, there are 8 tranches of ARARATBANK bonds listed on the stock exchange: 6 dollar and 2 dram. The total amount of the issue of 6 dollar issues of ARARATBANK bonds quoted at the exchange today is $ 23 million, and 2 dram bonds - 2 billion drams. Redemptions on these issues are dated to 2019-2022, and in 2019 the circulation period of 2 dollar tranches (in June and October) and one dram (in December) expires. To recall, ARARATBANK OJSC has been operating since November 2005. Majority shareholders of ARARATBANK as of July 1, 2018 are one of the largest oil traders in Armenia- Flash company with a share of 72.73% in the capital, Barsegh Beglaryan (well-known entrepreneur, the head of Flash) 18.33%, Rural Impulse Fund II (included in the structure of the Belgian Incofin Investment Management - Incofin IM) - 8.58%. As of July 1, 2018 by the coverage of the branch network, ARARATBANK is in the TOP-3, with a total of 61 subdivisions, of which 30 are located in Yerevan, 29 in the regions of Armenia and 2 in the NKR.