In 2015 ARARATBANK is intending to open an electronic branch and financial supermarkets. CEO of ARARATBANK Ashot Osipyan said on June 26 this intention was designed in the strategic development plan of the bank during the annual meeting of shareholders.
There will be no staff at electronic branch except for the manager who will most likely be a young specialist or even a student.
Financial supermarkets (another novelty in Armenian banking market) will represent a wide range of financial products such as insurance policies.
In a month the bank is to open a branch in Charentsavan town and two more branches by the end of the year. The bank has already established a unit in Avan-Arindzh community.
The bank is planning to ensure its presence all over the country.
In 2014 the bank opened two branches. By the end of the year there were 49 units, in 2015 the number increased up to 50. 23 branches are located in regions.
By the recent data, the majority stakeholders of ARARATBANK are "Flash" company with 64.24%; EBRD - 25% + 1 stock and Rural Impulse Fund II (part of Belgian Ickofin Investment Management- Incofin IM) - 10%.